Montana Lottery Financial Statements (Unaudited) June 30, 2007
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On May 2, 2007 Scientific Games International purchased Oberthur Gaming Technologies Corp. Oberthur, as the vendor, provided a performance bond covering the contract term and an errors and omissions policy covering an ultimate net loss of $7,500,000. The Lottery may terminate this contract by providing proper notification to Oberthur. On-line Services. On October 1 1 , 2005, the Lottery signed a seven-year contract with Intralot, Inc. of Duluth, GA to provide an on-line gaming system and the as...sociated services beginning March 31, 2006. The contract requires Intralot to provide new terminals to all retailers with the associated software and 13 communications. Payment under the contract is based on 5.8% of net weekly Lottery sales. The contract provides for three one-year extensions, if agreeable by both parties. 10. LOTTO*AMERICA/POWERBALL/TRI-WEST JACKPOT PRIZES Jackpot prizes awarded in the Lotto*America/POWERBALL and TRI-WEST LOTTO games are funded through the purchase of U.S. Treasury Zero-Coupon Bonds purchased in the name of the Montana Lottery by MUSL.
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