Michigan Lottery extends contract with GTECH

Mar 2, 2014

LANSING – The Michigan Lottery has extended its contract with a company that helps run games such as Powerball, Mega Millions and Club Keno.

The lottery announced Friday that the contract with GTECH Corp. now will run through mid-January of 2017. The initial six-year deal was scheduled to expire in January 2015.

Under terms of the contract, the bulk of the company's compensation is based on a percentage of sales. The contract extension has an estimated value of more than $53 million.

GTECH is based in Providence, Rhode Island and has worked with the state since 1988.

The lottery contributed more than $734 million to Michigan's K-12 schools fund in the last fiscal year.