Gov. Corbett Moves to Privatize Pa. Lottery System

Wednesday, 04 Apr 2012 09:54 AM

By Sandy Fitzgerald

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Republican Gov. Tom Corbett is seeking a management firm to take over Pennsylvania’s $3.2 billion lottery system as part of a cost-cutting plan to privatize non-essential government services.
 
Pennsylvania would still keep overall control of the lottery, as required by federal law, but a private firm would manage the day-to-day operations, according to the Pittsburgh Post-Gazette.
 
Under the plan, the state would see a guaranteed profit from the lottery, which could help boost lagging state revenues and provide needed help for programs directed at older state residents. The management company would also keep a percentage of the profits.
 
The Pennsylvania lottery is the nation’s sixth largest and has performed soundly since it was founded in 1971. But state officials are concerned that it may not keep pace with demands for lottery-funded programs as the population gets older, the Post-Gazette reported.
 
“Our state’s fast-growing population of older adults means time is not on our side, and we need to maximize funding for senior programs and services in a way that does not ask taxpayers to dig any deeper into their pockets,” Gov. Corbett said.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Oklahoma Catholic Bishop Sues Over Planned Satanic Black Mass

Wednesday, 20 Aug 2014 20:27 PM

Oklahoma's Catholic Archbishop filed a lawsuit on Wednesday to halt the use of what he said were stolen communion wafers . . .

Illegals File Request to Extend 'Dreamers' Status

Wednesday, 20 Aug 2014 19:21 PM

Eleven undocumented immigrants filed papers Wednesday to be granted Dreamers legal status - though none legally qualif . . .

Sarah Palin: Tina Fey Owes Me Big for Career Success

Wednesday, 20 Aug 2014 17:19 PM

Sarah Palin says former Saturday Night Live cast member Tina Fey owes her big – for helping to catapult the actress' car . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved