News

Governor Corbett makes PA Lottery deal official

Written by The Associated Press | Jan 17, 2013 10:57 AM
Lottery_sign2.jpg

Photo by Scott LaMar/witf

(Harrisburg) -- The Corbett's administration has finalized a contract to hire British lottery operator Camelot Global Services to manage the Pennsylvania Lottery.

A spokesman for the state attorney general's office said the contract paperwork arrived Wednesday night. Attorney General Kathleen Kane's office has 30 days to review it for form and legality.

The Pennsylvania Lottery is one of the nation's largest. Pennsylvania in line to become the third state behind Illinois and Indiana to hire a private lottery manager.

Various other legal hurdles for the contract are waiting.

The 20-year contract can be extended to 30 years if Camelot reaches certain performance benchmarks. Camelot will charge a management fee worth hundreds of millions of dollars over the life of the deal and get cash incentives for exceeding its annual profit commitments.

Published in News

Tagged under , , , , , ,

back to top

Post a comment

Support for witf is provided by:

Become a witf sponsor today »

witf's Public Insight Network

National Edward R. Murrow Awards

DuPont Columbia Awards

Support Local Journalism

Latest News from NPR

Support for witf is provided by:

Become a witf sponsor today »