US lottery and gaming supplier Scientific Games has secured a contract extension for its gaming systems and instant games with the Iowa Lottery.

The contract extensions span two additional years for the supply of gaming systems, and one additional year for the supply for instant games.

This will see Scientific Games continue to power the lottery's systems and point-of-sale technology at nearly 2,400 Iowa retailers, as well as providing innovative instant, draw and fast play games for players.

Last year the lottery had its most successful year to date as retail sales grew 13 per cent to $366.9m, providing record funding for state programs including new recreation areas, veteran affairs, agriculture, tourism, and research at Iowa universities.

"We appreciate the working relationship we have had with Scientific Games over the last 20 years,” said Iowa Lottery chief executive Terry Rich. “We've produced a record of innovation, consistent delivery, and most importantly, increased returns to our state beneficiaries."

Pat McHugh, Scientific Games’ senior vice president, Global Lottery Systems, added. "The lottery's management team has applied strategic business practices to driving responsible growth, and we are honoured to provide the technology powering their efforts. These contract extensions represent the Iowa Lottery's confidence in our technology, games and services."

Scientific Games has worked with the Iowa Lottery team to bring a portfolio of instant games to players, including Prize Lines, Wild 9s, Holiday Sparkle and Holiday Cheer. In the last ten years, the lottery's instant game retail sales have increased by more than 80 per cent.

"The Iowa Lottery has built a very successful brand, and continually evolves its portfolio of instant games to keep players excited,” said John Schulz, SVP of Instant Products for Scientific Games. “We are honoured to be a part of this success and provide the lottery with new, innovative instant products to help drive its growth."

Shares in Scientific Games Corporation (Co. Data) (NSQ:SGMS) closed up 0.46 per cent at $21.65 per share in New York Friday, 6.07 per cent below their 52-week high of $23.05 set on March 3rd.

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