Vermont could become first state to privatize lottery

Comment #3

LOTTOMIKE — Thu, 27 Dec 2007 09:23:43 GMT

don't know if this would be such a good idea or not...

Comment #2

Stack47 — Mon, 24 Dec 2007 05:52:53 GMT

If you had aggressive sales growth market penetration then you could get an up front payment of $380 million.

Vermont belongs to the Tri-State Lottery and Powerball is a multi-state game so there isn't very much the Vermont lottery can do to increase sales without starting their own games.

The Lehman Brothers report says Vermont's lottery is run well. It generates $105 million dollars in annual sales, and has profits of $23 million. All of the profits go to the Education Fund. Reardo... [ More ]

Comment #1

chasingadream — Sat, 22 Dec 2007 18:03:22 GMT

Lehman Brothers says a private company would increase sales through new marketing techniques and by using the Internet. The report says lottery tickets could be sold over mobile phones, interactive TV, or even through handheld devices like Blackberries or Palm Pilots

ok...after reading this statement it makes me wonder if it would also allow someone to purchase lottery straight from the lottery commission on-line.........which leads me to my next question if the answer to my 1st one is yes..... [ More ]

Vermont could become first state to privatize lottery

Lottery Post — Fri, 21 Dec 2007 19:33:00 GMT

No other state has leased its lottery, but Vermont wants to be the first.

Governor Jim Douglas hopes the lease will bring in $50 million dollars for the state budget, on top of the $23 million the lottery brings in now.

Today in a special report, VPR's John Dillon explores the advantages and disadvantages of what is so far an untested idea.

(sound of lottery machine printing ticket)

(Dillon) Johanne Gray is a regular at this convenience store in Montpelier. She likes to play the... [ More ]