Pennsylvania Determines Key Terms of Potential Agreement For Private Management of Lottery
State officials release terms for the potential agreement—which calls for a $150 million upfront payment to the state—in an announcement today.
The state Department of Revenue on Friday announced key terms of a potential private management agreement for the Pennsylvania Lottery. Such an agreement would turn over some unspecified duties of managing the lottery to a private company, which would pay the state up front but then would be compensated for its work. State officials earlier this year began looking at privatizing the lottery as a way of maximizing its revenue. According to a release, key terms of the agreement would include: Now that the scope and terms of a management contract have been determined, a multi-agency team is exploring private management and is reviewing the business plans of qualified bidders. Those business plans will include each qualified bidder’s proposal …
Joyce
6:19 pm on Sunday, November 11, 2012
Bad idea all the way around I think. Loss of even more jobs, more hands in the kitty (as aforementioned), Lets cut government jobs and not the little people. Vote them all out, better yet lets have a revolution and start all over again. I fear for myself and the generations to come with how it's all about big business and making record profits, while employees recieve less and less benefits, less… more ›