Report: Ill. lottery manager short $100M on profit
The Illinois Lottery's private manager fell nearly $100 million short of the profits it promised to deliver for the state.
But the Chicago Tribune reported Tuesday that revenues generated by Northstar Lottery Group still set an Illinois record. Illinois has fallen behind other state lotteries for years.
Northstar promised $825 million in net revenue when it took over the lottery in July 2011. A Tribune analysis found it had collected $726 million by the end of June.
That could mean hund ...
Aug 2, 2012, 9:34 am - Lottery News forum
Indiana lottery to outsource some operations
The Indiana State Lottery Commission is asking companies to bid on taking over some of its operations.
The commission Tuesday issued a solicitation for companies to bid by Aug. 31 on taking over the sales, distribution and marketing of the lottery, a state agency whose income has shrunk in recent years. It expects to sign a 10-year contract by Nov. 1.
Lottery spokesman Al Larsen said the Lottery Commission will retain certain duties, including overall oversight of the lottery, rulemaking a ...
Jul 11, 2012, 10:24 am - Lottery News forum
Penn. Lottery seeking outside help for marketing efforts
'The lottery would not be sold nor will it be fully privatized'
An aging population's increased demand for services and the need for stable funding for those programs sparked Gov. Tom Corbett administration's decision to seek private managers for the Pennsylvania Lottery, senior administration officials told a House oversight committee Tuesday.
By 2030, a quarter of Pennsylvanians will be 65 years or older, and the lottery, which had sales of $3.2 billion during the 2010-11 fiscal year, wi ...
Apr 5, 2012, 10:27 am - Lottery News forum
Washington Gov. proposes privatizing state's lottery
Washington Gov. Chris Gregoire on Thursday floated the idea of privatizing the state lottery system as a way to bring in more money for education.
I want to be clear: I am not proposing that the lottery expand gambling, Gregoire said at a news conference. Private-sector operation of the lottery would be the lottery that we have today.
She wants the Legislature to approve having the lottery solicit proposals from private vendors to run the operation.
The idea would be to see if the pri ...
Dec 16, 2011, 8:49 am - Lottery News forum
Illinois Lottery run by private company starting Friday
Illinois' private lottery manager takes over operations Friday, with both the company and the state envisioning greatly increased sales and more money for state coffers.
Although Northstar Lottery Group formally assumes the reins July 1, the transition to private management has been under way for some time. Regular players have seen new signage and the rollout of new games in recent weeks, but otherwise shouldn't notice a difference if they buy lottery tickets after the first of the month.
Jun 30, 2011, 8:21 am - Lottery News forum
Ohio Lottery privatization critics getting louder
A chorus of critics across the political spectrum is rising up against plans by Ohio Republicans to privatize day-to-day operations of the state lottery and expand its reach into slots-like video lottery terminals at horse tracks.
On June 17, the American Policy and Ohio Roundtables condemned an agreement between the state and Rock Ohio Caesars, the operator of planned casinos in Cleveland and Cincinnati. The conservative policy groups, which opposed the 2009 constitutional amendment that bro ...
Jun 22, 2011, 10:57 am - Lottery News forum
Ohio Senate bill includes privatizing lottery
Critics say gaming corp. drafted language
The Ohio Senate's latest version of the state budget bill includes language to privatize the Ohio Lottery that is nearly identical to legislation drafted by a gaming company hoping to manage the $2.5 billion agency's day-to-day operations.
The language, drafted by GTECH, an industry giant that once ran the Ohio Lottery's back-office operations, was added to the massive budget bill virtually unchanged and without any public hearing. The inclusion of ...
Jun 2, 2011, 7:21 am - Lottery News forum
Spain to privatize lottery
The Spanish government is close to selecting three advisers to help it sell shares in national lottery Sociedad Estatal de Loter as y Apuestas del Estado SA that could raise as much as $10.62 billion.
The choice of strategic, financial and legal advisers could be announced as soon as Tuesday, Aurelio Mart nez, chairman of Loter as y Apuestas del Estado, said in an interview. The mandates are considered prestigious for consulting firms, investment banks and law firms, even if the fees involved ...
May 24, 2011, 7:03 am - Lottery News forum
Ohio Gov. considering privatizing management of lottery
A proposal to privatize the management of the Ohio Lottery Commission was submitted this week to the nonpartisan Legislative Service Commission, which researches Ohio's budgets and laws.
Gov. John Kasich, who has yet to name a lottery director, has for weeks been discussing privatizing lottery operations, though he has not made a public commitment to do so.
Kasich spokesman Rob Nichols said the administration would not answer questions about any proposal until the state budget is released ...
Mar 12, 2011, 10:32 pm - Lottery News forum
Missouri Senate to discuss privatizing state lottery
The Missouri Lottery will begin talks in April with the state Senate about moving control of the lottery from the government to the private sector.
Lottery Executive Director May Scheve said it was difficult to comment on the issue because the Missouri Lottery is currently ascertaining the opinion of state vendors on the matter; privatization was only recently brought up by the Senate's Rebooting Government initiative.
We really haven't engaged in conversation with the Senate, Scheve said ...
Mar 3, 2011, 11:23 am - Lottery News forum