One company submits bid to privatize the Pennsylvania lottery
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HARRISBURG -- Pennsylvania received one bid in response to its search for a private manager to run the state's lottery system, officials announced this afternoon.
United Kingdom-based Camelot Global Services LLC was the only company to submit a bid outlining how much revenue it pledged to raise over a 20-year management contract.
Gov. Tom Corbett's administration briefed legislative staffers on the Camelot bid during a conference call this afternoon. The Department of Revenue posted a document listing the company's profit commitments on its website, though additional materials will remain confidential until a final decision is made.
A staffer on the call said the bid proposal assumes an expansion of the state's current lottery games to include online sales and keno, which were mentioned as options in documents released earlier this month.
The bid culminates a highly secretive seven-month process during which the administration talked with several unnamed companies about how they would boost lottery profits.
Proceeds from the Pennsylvania Lottery fund programs for older Pennsylvanians, including property-tax rebates and discounts on prescription drugs.
If the bid is accepted, Pennsylvania would join Illinois and Indiana in hiring an outside firm to manage its lottery system. Several other states, including New Jersey, reportedly are considering taking a similar step.
First Published November 20, 2012 4:37 pm