Saturday August 31 2013 – Governor Tim Corbett has reached an agreement with UK based Camelot Global Services for a tenth extension in their bid to run the Pennsylvania Lottery. This follows months of debate within the state administration regarding how to proceed with the management of the lottery, including whether or not to reject the bid and keep the lottery state-run. This new extension will run until October 29.
Camelot, who is the sole private lottery manager bidder for the contract, first expressed their interest in taking over the Penn State Lottery back in November 2012 and were granted a Notice of Award in January 2013 after pledging to generate over $34.6 billion in profits for the state over the next 20 years. According to Governor Corbett, this figure is $3 – $4.5 billion more than the state run lottery currently produces.
Some of Camelot’s plans for expansion include selling lottery tickets online and introducing a new Keno game. Governor Corbett voted in favour of the privatisation bid, stating that the increased revenue it would bring in would be a way for the state to continue to serve the growing elderly population who are the recipients of the lottery profits.
Attorney General Kathleen Kane had an opposing view. She disagreed with the privatisation bid and announced she was unhappy signing the contract over to a British firm. State Treasurer Rob McCord and other Democrats agreed with her opposition and also cited their concern over the 200 plus state lottery workers who would lose their jobs.
Governor Corbett was hoping PA would follow in the footsteps of the Illinois and Indiana Lotteries who have signed contracts with private lottery managers. However, after the tenth extension was agreed just this week, reaching a privatisation agreement just seems to be getting further and further away for Camelot and Governor Corbett.
Speculation is also continuing to mount that Governor Corbett may be ready to turn his back on the bid and proceed with trying to bolster state lottery profits by continuing to run it in house. However, part of the privatisation appeal to Governor Corbett was the $200 million security fund pledged to the state by Camelot should the lottery profits fall below their projections.
With disagreements and bickering over the bid still occupying administration and local media, the only current certainly is that this discussion is far from over. Lottery World will bring you the latest news on this story as and when it breaks.
In Other Lottery News
Tonight’s Powerball jackpot is an estimated $142 million after rolling over for the sixth time in a row. State lottery jackpots are also looking healthy, with the Ohio Lottery jackpot topping $44.8 million and the New York Lotto reaching $6.6 million.
You can keep up with the latest results for all US lotteries by visiting Lottery.net.