Gov. Christie Plan to Privatize State Lottery Has Pushback
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Governor Chris Christie says he wants the private sector to run the New Jersey Lottery.
Democrats say the current 15-year contract being considered will benefit the winning company more than the people of our state.
From an article on nj.com on Wednesday:
"At a hearing of the Assembly Budget Committee today, Democrats and small business owners said the proposal needs more public input because the Lottery — a $2.6 billion business — has been well run over the years and thousands of small businesses could be hurt by the move.
Christie wants to bid out the contract for $120 million over 15 years. The state would continue to own the Lottery, but the winning company would manage its sales and other operations and would be able to keep a hefty portion of any revenue gain."
What do you think of this idea?