Indiana Lotto Provider Gets Incentive Pmt

The private company running most of Indiana’s lottery operations generated a record profit this past year, but still fell short of its original contract’s goal. Hoosier Lottery officials say the lottery transferred $306 million into state coffers during the recently ended fiscal year. That’s about $6 million more than the minimum IGT Indiana must meet to avoid paying shortfall penalties. By exceeding the $300 million incentive net income threshold, IGT Indiana earned its first incentive payment since the state decided to outsource most of its lottery operations more than five years ago. The company received a $9.1 million payment.

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