INTRALOT S.A. INTEGRATED LOTTERY SYSTEMS AND SERVICES PRESS RELEASE
INTRALOT has signed an agreement with FanDuel to provide
sports betting services to the Washington D.C. Lottery
March 14, 2024
INTRALOT announces the signing of a sub-contracting agreement with FanDuel, one of the leading providers of sports betting services in the US, and a related contract amendment with the Washington, D.C. Lottery for the relevant services through the retail network and through the online channel.
Under the agreement with INTRALOT, FanDuel ultimately assumes all costs of transitioning to its system that will be paid to the Lottery, as well as operating costs previously carried by the Lottery. The agreement provides for a guaranteed minimum annual revenue for the Lottery and for INTRALOT and the use of all FanDuel responsible gaming tools.
The agreement intends to better improve online sales through FanDuel's experience nationally and in neighboring States and, according to the Lottery announcement, is expected to increase revenue for Washington, D.C., and local businesses.
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Intralot Integrated Lottery Systems & Services SA published this content on 14 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 March 2024 08:05:09 UTC.
