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STATE MOVES FORWARD ON PRIVATIZATION OF LOTTERY

11/10/2012

On Friday, state officials disclosed the terms they would require for a private company to run the Pennsylvania Lottery. Gov. Tom Corbett is moving forward with a privatization of the system that would have a company manage the lottery for 20 years with a chance to extend that for another 10 years. The governor said a final decision hasn’t been made. He also said “If privatization of the lottery would mean a loss of revenue, it won’t be done.” Democrats say they want to see proposals and proof that privatization of the lottery would actually benefit the state. The lottery reported $3.48 billion in sales in the 2011-2012 fiscal year, hauling in a net revenue of $1.06 billion.


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