Record Financial Results and Sales Growth
Pollard Banknote achieved record sales of $557.1 million and combined sales of $665.9 million, driven by higher average selling prices, increased sales of ancillary lottery products, and strong performance in charitable games. Adjusted EBITDA reached a record $114.5 million, up $23.2 million from 2023. Income from operations increased by 51% to $69.8 million.
Kansas iLottery Contract and Rapid Implementation
Pollard was awarded the Kansas iLottery contract, which went live on February 13, 2025, marking the fastest iLottery implementation in North America. The implementation was successful and is delivering results in line with expectations.
NeoPollard Interactive Joint Venture Success
The joint venture extended its contract with Virginia Lottery until October 2028 and successfully launched the West Virginia iLottery contract in 2024.
Significant Investments and Acquisitions
Pollard invested over $54 million in CapEx and intangibles, including press upgrades and digital game content development. Two acquisitions were completed, adding a leading bingo marker manufacturer and a popular linked electronic bingo game to their assets.