Pollard Banknote has emerged as the preferred vendor for the Colorado Lottery’s fresh digital lottery contract. This development follows a rigorous procurement process and was recently made official with a notice of intent issued by the Lottery. However, the contract execution awaits the end of a protest period and the standard background checks.
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Procurement Process and Contractual Details
The competition for the digital lottery contract was fierce, as vendors vied to provide an all-encompassing iLottery solution. And this includes the creation and management of an advanced digital lottery platform, integrated website, and mobile app, as well as loyalty and marketing programs. Doug Pollard, co-CEO of Pollard Banknote, expressed gratitude for the opportunity, underscoring the significance of this contract for the company. And there’s some reshaping happening at Pollard Banknote’s executive level. Rob Rose, the long-serving executive vice president and CFO, is set to retire at the end of 2026. His departure marks the end of a 31-year tenure, during which he played a critical role in the company’s IPO and other financial strategies. A search for his successor is already underway.
Regulatory and Responsible Gambling Context
Colorado’s gambling market isn’t just about business — the state places a strong emphasis on responsible gambling. Still, just this March, the Colorado Division of Gaming and the Colorado Lottery spotlighted problem gambling at a State Capitol event, dovetailing with Problem Gambling Awareness Month. The lottery’s commitment to responsible play is further demonstrated by its top-tier accreditations from NASPL and the NCPG’s Responsible Gambling Verification Program. This isn’t the first time Colorado has pushed for greater gambling accountability. The state has been proactive in self-exclusion programs and providing resources to combat problem gambling. Industry insiders will note that the state’s regulatory approach has historically been robust, a trend unlikely to change anytime soon.
Next Steps and Market Implications
The award to Pollard Banknote remains in limbo until the formal protest period concludes and the necessary checks are completed. This waiting game is part and parcel of the industry’s regulatory framework, often leaving vendors in a temporary state of uncertainty. But once executed, this contract is set to elevate Pollard Banknote’s standing in the digital lottery space, potentially influencing similar deals across other states. Looking ahead, stakeholders will be watching how the transition to a new CFO might influence Pollard Banknote’s strategic decisions and financial health. Meanwhile, the digital lottery’s rollout is anticipated to align with the Colorado Lottery’s long-term digital strategy and expansion goals. Keep an eye on Q3 for further contract developments and potential market reactions.
Garry Sputnim is a seasoned journalist and storyteller with over a decade of experience in the trenches of global news. With a keen eye for uncovering stories that resonate, Alex has reported from over 30 countries, bringing light to untold narratives and the human faces behind the headlines. Specializing in investigative journalism, Garry has a knack for technology and social justice issues, weaving compelling narratives that bridge tech and humanity. Outside the newsroom, Garry is an avid rock climber and podcast host, exploring stories of resilience and innovation.
