States consider privatizing lotteries
Source: By Dave Gram, Associated Press, January 21, 2008
Betting on the state lottery for some quick cash? Get in line: State governments across the country are thinking the same thing. Courted by Wall Street investment houses, Vermont is one of more than a dozen states where proposals have been floated to lease state lotteries to private investors.
...... But some fear that private companies would be more focused on profits than people, introducing addictive games that prey on compulsive gamblers.
..... Lehman Bros., Goldman Sachs, UBS Investment Bank and others -- lured by the prospect of millions of dollars in fees for bringing states and private lottery operators together -- are expected to keep knocking on state capital doors.