Montana Lottery Financial Statements (Unaudited) September 30, 1988

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Currently, the Montana Lottery games are instant ticket games. These games provide players the opportunity to win instantly by scratching a latex covering to reveal a prize.
Players also have another chance to win by submitting five non-winning tickets or their promotional equivalent for the Big Spin drawing .
7. GAMING SUPPLIER CONTRACTS.
Tickets . On March 9, 1987, the Montana Lottery signed a one year contract with Scientific Games, Inc. to purchase lottery tickets. Under that contract, each
... instant ticket game consisted of 4,800,000 tickets or "other quantity as agreed by the parties." This contract was extended until March 9, 1989 by letter dated February 23, 1988 and amended on May 5, 1988. The contract amendments address certain ticket specifications, price, and quantity. The amended minimum order quantity is 4,080,000 tickets.
The contract contains specifications regarding ticket design, printing, game ownership, inspection, and prize structure. The contract requires payment within 30 days of ticket receipt.


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