Privatized lottery: The ticket to ride? State is considering a sale for big bucks
Source: BY DUNSTAN McNICHOL, Star-Ledger (NJ), Thursday, November 02, 2006
State officials are studying whether selling the New Jersey Lottery to a private company can reap big money for cash-strapped state coffers, Treasurer Bradley Abelow said yesterday.
...... The state currently controls the lottery and uses a private firm to operate the lottery machines. Selling the entire lottery could provide the state with a huge windfall, and the buyer could get its annual revenues.
........ No U.S. state has tried such a deal, Abelow said, but Italy and Greece have sold off portions of their lotteries, reaping millions.