Idaho Lottery Celebrates Successful Launch of Industry's First-Ever Scratch FXtra™ Family of Games
WINNIPEG, MB, July 25, 2022 /CNW/ - Pollard Banknote Limited (TSX: PBL) ("Pollard Banknote") congratulates the Idaho Lottery ("the Lottery") on being the world's first jurisdiction to introduce a family of games featuring Pollard Banknote's Scratch FXtra™ print innovation, which combines captivating Scratch FX® patterns with holographic images to create dazzling tickets unlike anything else available at retail.
With four games spanning multiple price points—$5 Jack of Clubs, $10 Queen of Hearts, $20 King of Diamonds, and $30 Ace of Spades—this game family offers something for every Idaho Lottery player.
Launched in May 2022, players quickly appreciated the appeal of these distinctive offerings that are complemented by captivating artwork and exciting game play.
Comparing sales of these products to the Lottery's other regular game families yields unequivocal results: the collective five-week sales of this game quartet were 72% higher than the average of all other regular game families launched by the Lottery since 2012, which together totaled 23% of scratch game revenue for the period. By comparison, these game families typically contribute approximately 16% of Idaho Lottery sales during their initial five-week runs.
"This Scratch FXtra™ family of games is a clear winner for us," said Jeff Anderson, Idaho Lottery Director. "This unique concept in design and execution exemplifies our collaborative partnership with Pollard Banknote. These creative and innovative new games provide Idahoans with engaging and responsible entertainment which ultimately provides for our Do Good initiatives that benefit all of Idaho."
"The Idaho Lottery has always championed innovation," said Krista Stepa-Ammeter, Director, Sales & Marketing, Pollard Banknote. "We are delighted the Lottery acted on our recommendation to incorporate Scratch FXtra™ into its latest family of games. Coupled with a bold, colorful design, these card-themed tickets capitalize on the upswing in casino-style scratch games in recent years, while helping the Lottery break new ground with a first-in-class offering."
Pollard Banknote started partnering with the Idaho Lottery in 2012, providing pioneering products and research-based strategic advice and recommendations that have helped accelerate its scratch ticket product category. Sales of these tickets have increased 84% since our collaboration began, with Pollard Banknote-printed games playing a significant role in this growth. In 2021, Pollard Banknote was awarded the Lottery's primary printing contract and has continued to support the Lottery across multiple facets of its business.
The Idaho Lottery responsibly provides entertaining games with a high degree of integrity to maximize proceeds for public education in the State. Since its inception in 1989, the Lottery has returned more than $1.1 billion to the State's public schools and buildings. For more information, please visit idaholottery.com.
Pollard Banknote is a leading lottery partner to more than 60 lotteries worldwide, providing high quality instant ticket products, licensed games, in-lane ticket options, and sales-driving merchandising solutions from its Schafer Retail Solutions + portfolio. It also offers a full suite of digital offerings, ranging from world-class game apps to comprehensive player engagement and iLottery solutions, including strategic marketing and management services. The company is a proven innovator and has decades of experience helping lotteries to maximize player engagement, sales, and proceeds for good causes. Pollard Banknote also provides pull-tab tickets, bingo paper, ticket vending machines, and its Diamond Game and Compliant Gaming electronic games and devices to charitable and other gaming markets in North America. Established in 1907, Pollard Banknote is owned approximately 64.3% by the Pollard family and 35.7% by public shareholders, and is publicly traded on the TSX (PBL). For more information, please visit our website at www.pollardbanknote.com.
Certain statements in this press release may constitute "forward-looking" statements and information, which involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. When used in this document, such statements include such words as "may," "will," "expect," "believe," "plan," and other similar terminology. These statements reflect management's current expectations regarding future events and operating performance and speak only as of the date of this document. There should not be an expectation that such information will in all circumstances be updated, supplemented, or revised whether as a result of new information, changing circumstances, future events, or otherwise.
SOURCE Pollard Banknote Limited
Doug Pollard, Co-Chief Executive Officer, E-mail: [email protected]; Rob Rose, Chief Financial Officer, E-mail: [email protected]; John Pollard, Co-Chief Executive Officer, E-mail: [email protected]; Pollard Banknote Limited, Telephone: (204) 474-2323
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