The Vermont Lottery has exercised the option to extend its technology solutions contract with Intralot for a further two years until 2020.

The original six-year contract came into force in 2010 and was extended by two years in 2016. This second extension, worth an estimated $5m to the Athens-listed supplier, comes into force on July 1st next year and runs to June 30th, 2020.

Over the seven years of the contract to date, Intralot has helped the Vermont Lottery generate more than $636m in revenue and $138m for the Vermont Education Fund.

"We are pleased to announce that we extended our contractual agreement with Intralot, and we look forward to continuing our relationship with them," Vermont Lottery Commission chair Sabina Haskell commented.

John Donahue, chief executive of Intralot Inc, added."We are very pleased and excited about this agreement with the Vermont Lottery.

"This allows Intralot to continue to provide to one of our most valued customers, Intralot's leading gaming solutions. I would like to personally thank the Vermont Lottery management team for their trust."

Intralot currently provides the lottery with a central gaming system to manage all tristate and multistate draw games, as well as inventory control and logistics for scratch card, fast play and fast play progressive games.

The company plans to expand its product line and introduce new technology under the contract extension, including the roll-out of additional retailer jackpot signs, rebranding of self-service lottery vending machines, and the launch of a new field sales software solution.

Shares in Intralot SA (Co.Data) (ASE:INLOT) were trading up 0.76 per cent at €1.32 per share in Athens Wednesday morning.