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      Lottery contract extended

      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 about $53 million.

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

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