(Reuters) - Scientific Games Corp , which makes tickets and software for lotteries, said it would acquire WMS Industries Inc for about $1.5 billion.

Scientific Games will pay $26.00 for each WMS common share, a 59 percent premium to WMS stock's closing price of $16.37 on the New York Stock Exchange on Wednesday.

(Reporting by Chris Peters in Bangalore; Editing by Sriraj Kalluvila)