Search

Pa. Lottery privatization pursuit nears another deadlineNews Story
Treasurer Rob McCord urges Corbett to drop the idea The price tag for exploring Gov. Tom Corbett's idea for outsourcing management of the Pennsylvania Lottery has crossed the $4 million threshold and is marching toward the $5 million mark. Recent revisions to the contract with the administration's outside legal advisers, DLA Piper, alone now allow it to be paid as much as $3.4 million. That is up from the original $375,000 cap set when the firm was hired in March 2012 and has steadily r
Oct 28, 2013, 8:45 pm - Todd - Lottery News

N.J. treasurer says lottery privatization plan won't lead to layoffsNews Story
Plan may actually double the size of sales staff The New Jersey state treasurer today defended the Christie administration's plan to privatize parts of the New Jersey Lottery and said he does not anticipate it leading to layoffs. Andrew Sidamon-Eristoff appeared in front of the state Assembly Budget Committee in Trenton to publicly discuss the plan which has drawn staunch opposition from New Jersey's Democratic state lawmakers and U.S. congressmen for the first time. We can re-energize
Apr 25, 2013, 6:42 pm - Todd - Lottery News

GTECH picked to run Indiana LotteryNews Story
The Hoosier Lottery board voted Wednesday to hire a private company to oversee sales, marketing and other operations with the goal of earning the state about $2.1 billion in additional revenue through 2028. The board chose Rhode Island-based GTECH which provides similar services to the Illinois lottery and provides some computerized game services in Kentucky at the recommendation of Hoosier Lottery officials, who conducted an expansive review of the two companies vying for the 15-year contrac
Oct 3, 2012, 8:19 pm - Todd - Lottery News

Ohio Senate bill includes privatizing lotteryNews Story
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 - Todd - Lottery News

Proposition 1C changes how California Lottery funds are usedNews Story
Like the lottery games it promises to change, Proposition 1C looks to be a bit of a gamble. The measure could deliver $5 billion to help close the state's staggering $42 billion budget gap. At the same time, it would ease long-standing rules that some believe have held back the 25-year-old state lottery. Within a few years, however, Proposition 1C may only make the state's financial problems worse, the nonpartisan Legislative Analyst's Office has warned. The proposition, one of six budg
Apr 28, 2009, 8:20 am - Todd - Lottery News

Lotto fever isn't what it used to beNews Story
Sure, there was a buzz Tuesday. Sure, people dreamed. Sure, people blacked out their favorite numbers birthdays and anniversaries hoping for luck to strike. The chance to win a cool $250 million, though, didn't seem to draw the crazed stampede of wannabe Trumps that it has in the past. In 1984, a then-record $40 million jackpot in Illinois actually caused people to fly in from overseas to take a stab at it. For some, huge jackpots such as the one offered by the Mega Millions lottery in
Aug 30, 2007, 1:00 am - Todd - Lottery News

Taxpayers pay millions in bonuses to outgoing lottery firm's staffNews Story
Illinois taxpayers have funded about $2 million in retention bonuses for employees of a private firm managing the lottery despite the firm performing so poorly Illinois is working to replace it. A Tribune investigation has found the state approved paying bonuses as part of a complicated deal it struck in 2015 with the firm, Northstar Lottery Group. Northstar agreed to end its 10-year deal early if the state met a host of conditions, including paying Northstar disentanglement fees, which inclu
Mar 29, 2017, 9:21 am - Todd - Lottery News

pa. lottery for sale ?Reply
i don't see how a private operator could improve the odds, they need to turn a profit. now they're saying if it works out, they could use the model to privatize the liquor business too. (state stores) which they have been talking about for 30 some years. they should get out of the liquor biz first, thats not run nearly as well as the lottery.
Apr 3, 2012, 2:40 pm - haymaker - Lottery Discussion Forum

Calif. Lottery may build $60 million headquartersReply
About 10 years back, the lottery cut 200 jobs and invested the savings in prize payouts. Sales went up about by hundredds of millions and education $$$ per year did by a bunch. CSL was still a very poor performer - but it was the right thing to do. (Ever wonder why they didn't have to shut the doors after they got rid of 200 positions?) $60 million is a lot of $$$ - but I assume they plan on paying that off over time - basically a mortgage. So not a big hit to the annual budget e
May 23, 2008, 2:24 pm - Drivedabizness - Lottery News

Illinois lottery privitization plan panned by tax groupReply
Illinois might be using good sense in this. There's no reason to assume the lotteries would be run worse than they're being run now. Too bad they can't just privatize the MM part of things and keep the state lottery part.... I really love Little Lotto and the Illinois Lotto. Wish I could play them. But getting rid of MM any way it can be gotten rid of might equate to catching a rattlesnake living under the kitchen table and dropping him through an open window of an unpleasant neighbor.
Jun 27, 2006, 3:38 pm - Rip Snorter - Lottery News