04:28 PM EDT, 08/26/2024 (MT Newswires) -- Pollard Banknote Limited ( PBKOF ) said Friday it had signed a contract to provide a full turnkey iLottery solution for the Kansas Lottery, powered by its proprietary Pollard Catalyst Gaming Platform.

A statement noted the platform is a fully cloud-native, modular, and API-first solution that easily integrates with other solutions, accelerates roadmap development, and enables features such as fully automatic scalability with no constraints for jackpot runs.

Pollard Banknote ( PBKOF ) and its technology partner launched the Michigan Lottery's iLottery program in 2014, which grew quickly to become, in 2020, the first in North America to exceed $1 billion in annual sales. Shortly after that program's launch, Pollard Banknote ( PBKOF ) formalized that partnership in a joint venture, NeoPollard Interactive LLC (NPi). NPi would ultimately launch four of the most profitable iLottery programs in the United States: Michigan, Virginia, North Carolina, and New Hampshire.

It will begin generating revenue for Kansas in early 2025.

At launch, it will initially enable players in Kansas to play popular draw-based games including Powerball and Mega Millions, and eInstant games from the Pollard Digital Games Studio specifically customized for the Kansas market.

"These are exciting times for the Kansas Lottery and for Pollard Banknote ( PBKOF ). Our decades-long relationship with the Lottery combined with our game-changing Pollard Catalyst technology and what we believe is the strongest team in the industry will deliver the best player experience and is a winning combination for the Lottery and its players," said co-CEO Doug Pollard. "We look forward to delivering an exceptionally strong iLottery program."

Pollard Banknote ( PBKOF ) closed Monday at $21.97, up 1.95%.