Pollard Banknote Awarded 5-12 months Main Contract By Michigan Lottery For Prompt Sport Tickets – La Fleur’s Lottery World

Pollard Banknote Restricted is happy to announce that, following a aggressive procurement course of, it has been awarded a major contract from the Michigan Lottery (“the Lottery”) to supply prompt recreation tickets. This marks the extension of a long-standing partnership between Pollard Banknote and the Michigan Lottery. Below this most up-to-date settlement, Pollard Banknote will present roughly 90% of the Lottery’s prompt tickets per contract yr. The preliminary contract time period is 5 years, with the choice to resume in one-year increments for as much as 5 further years. Along with prompt recreation tickets, the Lottery additionally awarded Pollard Banknote a contract to provide validation pull-tab tickets.

As a associate to the Michigan Lottery since 1996, Pollard Banknote is immensely pleased with the function it has performed in supporting the Lottery over time, offering a variety of prompt video games, retail options, and omnichannel merchandise. From fiscal yr (“FY”) 2013 to FY 2023, Pollard Banknote printed roughly 90% of the Lottery’s prompt video games. The Lottery earned the excellence of the fastest-growing U.S. lottery by way of prompt ticket gross sales per capita, with an outstanding 182% improve throughout that point; that is significantly spectacular when in comparison with the common U.S. lottery development of 66% in prompt ticket gross sales per capita. This development catapulted the Lottery’s per capita gross sales rating to seventh amongst U.S. lotteries over the identical 10-year interval.

Combining their years of experience, Pollard Banknote has collaborated with the Michigan Lottery to curate an impressive portfolio of video games. In 2022, the Lottery’s first $50 recreation, $300,000,000 Diamond Riches, leveraged Scratch FX® to deliver vibrancy to its diamond theme, serving to drive sturdy gross sales and engagement with gamers. As well as, Pollard Banknote has labored carefully with the Lottery to optimize its $20 value level to supply a various number of video games, together with quite a lot of distinctive print improvements and engaging prize buildings, to enchantment to a broad spectrum of gamers. Consequently, the Lottery’s $20 value level has grown a outstanding 385% from FY 2013 to FY 2023, making it the quickest rising amongst U.S. lotteries. Pollard Banknote has additionally been instrumental within the strategic improvement of the Lottery’s core recreation class, together with Cashwordand Wild Time, resulting in a 106% improve in Cashword gross sales and a 204% improve in Wild Time gross sales from FY 2013 to FY 2023.

Pollard Banknote has additionally supported many retail initiatives over time. The Lottery makes use of quite a lot of modern merchandise from Pollard Banknote’s Schafer Retail Options + (“SRS+”) portfolio to strengthen its retail footprint all through the state, together with over 2,300 Lighted Ticket Menu Boards and All-in-Ones, Outside Gas Menu Boards, and quite a lot of dispensers.

The partnership between Pollard Banknote and the Lottery is additional solidified by the corporate’s deep roots in Michigan. With a longtime and strong footprint within the state, together with a full prompt ticket manufacturing facility in Ypsilanti and practically 350 Michigan-based workers, Pollard Banknote performs an lively function in creating job alternatives, producing tax income, and supporting different native companies, which contributes to optimistic financial development. In truth, in keeping with a latest financial report by East Lansing-based Anderson Financial Group, in 2022 alone, Pollard Banknote created 475 jobs within the state and spent greater than $92.6 million USD working and investing in its Michigan amenities, producing a complete of $51.7 million USD in financial exercise.

At its manufacturing plant in Ypsilanti, Pollard Banknote produced roughly seven billion ESS (equal single dimension or 2” by 4”) prompt tickets for lotteries across the globe in 2023, together with nearly all of the Michigan Lottery’s tickets. As proof of the corporate’s dedication to steady enchancment, between 2015 and 2022, Pollard Banknote made practically $30 million USD value of main capital investments at this facility, together with a $20-million state-of-the-art TRESU press.

“We’re honored to be chosen as the first provider of prompt recreation tickets to the Michigan Lottery,” stated Doug Pollard, Co-Chief Govt Officer, Pollard Banknote. “We deeply worth the connection we now have constructed with each the Michigan Lottery and the communities through which we function inside the state. As a testomony to our profitable collaboration and efforts to ship excellent video games and modern retail options into the Michigan market, we take satisfaction in having contributed to four-fold gross sales development because the begin of our partnership nearly 30 years in the past. We sit up for continued success and development within the years to come back.”

Because it was established in 1972, the mission of the Michigan Lottery has been to maximise income to assist public colleges by offering enjoyable and entertaining video games of likelihood. Michigan Lottery contributed nearly $1.3 billion USD to the state of Michigan College Help Fund in FY 2023. All earnings from the sale of Michigan Lottery tickets (greater than $28 billion USD since 1972) go to the College Help Fund. To be taught extra, go to www.michiganlottery.com.

About Pollard Banknote

Pollard Banknote is a number one lottery associate to greater than 60 lotteries worldwide, offering high-quality prompt ticket merchandise, licensed video games, in-lane ticket choices, and sales-driving merchandising options from its Schafer Retail Options + portfolio. It additionally provides a full suite of digital choices, starting from world-class recreation apps to complete participant engagement and iLottery options, together with strategic advertising and marketing and administration companies. The corporate is a confirmed innovator and has a long time of expertise serving to lotteries to maximise participant engagement, gross sales, and proceeds for good causes. Pollard Banknote additionally supplies pull-tab tickets, bingo paper, ticket merchandising machines, and its Diamond Sport and Compliant Gaming digital video games and units to charitable and different gaming markets in North America.  Established in 1907, Pollard Banknote is owned roughly 64.2% by the Pollard household and 35.8% by public shareholders, and is publicly traded on the Toronto Inventory Change (TSX: PBL). For extra data, please go to our web site at www.pollardbanknote.com.

Ahead-looking Statements

Sure statements on this press launch could represent “forward-looking” statements and data, which contain recognized and unknown dangers, uncertainties, and different elements which will trigger precise outcomes, efficiency, or achievements to be materially completely different from any future outcomes, efficiency, or achievements expressed or implied by such forward-looking statements. When used on this doc, such statements embrace such phrases as “could,” “will,” “anticipate,” “consider,” “plan,” and different comparable terminology. These statements mirror administration’s present expectations concerning future occasions and working efficiency and communicate solely as of the date of this doc. There shouldn’t be an expectation that such data will in all circumstances be up to date, supplemented, or revised whether or not because of new data, altering circumstances, future occasions, or in any other case.

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