INDIANAPOLIS- Indiana's lottery commission is hiring a private company to take over its marketing and other services in hopes of boosting profits.
The commission voted Wednesday to hire Rhode Island-based GTECH in a deal that is expected to net the state an additional $500 million over five years. GTECH already provides and maintains vending machines for the Hoosier Lottery.
Lottery officials say they expect revenues to increase by a total of 50 percent over the course of the 15-year deal.
The company will take over lottery marketing, sales and distribution services once the final contract is negotiated.
Lottery director Karl Browning says GTECH will likely increase revenue by expanding sales to groceries, big box and discount stores.
The state received $188 million in lottery proceeds last year.
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