PA Senate Discusses Privatizing Lottery
HARRISBURG — The Pennsylvania Senate Finance Committee gathered for a hearing Monday on the proposed privatization of the state’s lottery.
Last Friday, Governor Tom Corbett came to a tentative $34 billion agreement with Camelot Global Services to manage the lottery. Camelot is a British firm that runs the United Kingdom’s lottery.
Gov. Corbett’s tentative agreement guarantees profits of $34 billion over a 20 year period.
During the meeting Monday, both Republican and Democratic leaders raised questions about the sale, including concerns about lottery-funded programs for older Pennsylvanians and the future of currently employed workers.