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Lottery Contract

Sunday, December 9, 2012

Patch Poll: Should Gov. Corbett Award Pennsylvania Lottery Contract to British Firm?

This week, some state House Democrats voiced their opposition to Gov. Corbett's plan to award a contract to privatize the lottery to Camelot Group—with no other bidders in the running.

The Pennsylvania Lottery is one of the most successful and well-managed state lotteries in the nation. Last year, the PA Lottery had annual sales in excess of $3.2 billion and, according to House Democrats, has held administrative costs to record lows of just over 2 percent. According to DailyFinance.com, Pennsylvania State Lottery has steered $20.6 billion to a variety of causes since it began, but its profits have primarily been funneled into an elderly benefits fund. This fund includes subsidies for transportation, tax rebates and Medicare. As of last year, about 61 percent of the annual ticket sales go to prizes, 30 percent goes to the state and the rest is for expenses. That's a higher percentage of prize return than most other states…

sieben13

7:18 pm on Saturday, January 12, 2013

If we didn't have President Obama , I know where your sorry ass would be .Poor repuglcans amaze me ,you can't do anything for your party except vote. You have no serious money   more ›

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