PA. Lottery Makes $1.1 BILLION in profits. Corbett redoubles efforts to give it to Brits

[JPZenger]

I just heard a public radio news item today that Corbett is still actively trying to move forward on turning the PA. lottery over to a British company for the next 30 to 40 years.

Meanwhile, today the PA. Lottery reported another year of record profits that are being delivered to the State Government. The Lottery made about $1.1 billion in profits in the last 12 months. That is one very very juicy target.

http://www.lvb.com/article/20130719/LVB01/130719860/Facing-privatization-lottery-reports-record-sales

Excerpts:

"As Gov. Tom Corbett continues to move forward with plans for privatizing the Pennsylvania Lottery, lottery officials have reported record profit for fiscal year 2012-2014, which ended June 30.

Spokeswoman Elizabeth Brassell said the lottery had $3.69 billion in sales and earned $1.067 billion in net revenue for the lottery fund, which supports programs benefiting older Pennsylvanians.

The lottery’s administrative costs decreased as a percentage of sales slightly in 2012-13 to 2.07 percent, down from 2.1 percent in the previous year."

[Jenoch]

1. With profits like this,

why would there be any consideration of privatizing the PA Lottery?

[SheilaT]

2. Maybe you and I and a consortium of DU members

could run the lottery.

I could certainly use the money.

[meow2u3]

3. Benedict Arnold Corbett would rather give money to Brits

that should go to Pennsylvania's seniors and disabled people--even after AG Kane told him no. This bastard just won't take no for an answer.

[malthaussen]

4. No politician worth his yellow streak could resist skimming off that kind of gravy.

The very idea of a trough that is unlicked by political cronies is enough to send a politician into a deep depression.

-- Mal

[Curmudgeoness]

5. As long as this information gets out there

to the general public, there is no way the people will stand for letting him do this.

Or I hope so.

[durablend]

6. The offer's been extended again

Pushed back to the end of August now. He can't stop beating the dead horse.

[JPZenger]

7. The latest was he compared British profits with Keno to a PA run lottery without Keno

The Corbettites are a sneaky sneaky bunch. The latest is that they bragged about how much more profit the Lottery could make if the Brits ran it. However, the bulk of those additional profits would come from adding keno games. Nothing stops the Legislature from authorizing the current PA. Lottery from adding keno games.