Politics and Government
- Jay Paterno announces plans to run for lieutenant governor
- Rep. Sam Smith announces retirement
- Corbett remains weak among Pa. GOP; Gov. hopefuls finances due
- Topper wins 78th District House seat
- PSU Coach Franklin to be Rep. Thompson's SOTU guest
- President Obama to visit western Pa. Wednesday
- State judge strikes down Pennsylvania voter ID law
- Corbett ending bid to privatize Pa. Lottery
- Pa. House advances child-abuse reforms
- Recount allowed in Port Matilda mayor's race
- Still no mayor named in Centre Co. town
- Corbett signs $2.3B Pa. transportation bill
- State panel OKs tougher Pa. graduation standards
- Pa. gay marriage lawsuit could get trial date
- Pa. House poised to send highways bill to Corbett
- Second person to challenge Shuster in 9th District Race
- Obama: 'We fumbled the rollout' of health care plan
- State College mayor re-elected
- One vote can make a difference in local elections
- Congress sends gov't funding, debt bill to Obama
- Corbett: No more to say about gay marriage remark
- Monday marks deadline for voter registration
- Pa. senators vote to lift CHIP's 6-month wait
- Pa. Treasurer Rob McCord running for governor
- Pastor says he was fired for same-sex wedding in Centre Co.
- Pa. lawmakers return to Capitol for fall session
- Corbett, US to start meeting on Pa. Medicaid plan
- Pa. attorneys: Gay couples, like kids, can't marry
- Former Johnstown congressman eyeing political comeback
Corbett ending bid to privatize Pa. Lottery
Updated: Monday, December 30 2013, 01:13 PM EST
By: WJAC Web Staff and The Associated Press
HARRISBURG -- Gov. Tom Corbett announced Monday that he was ending his efforts to privatize the Pennsylvania Lottery.
Corbett said in a release that the commonwealth will not continue to pursue the Lottery Private Management Agreement with Camelot Global LLC, a British firm. The initial deal to privatize the lottery through Camelot was first reached in April 2012.
Camelot was awarded the job in November 2012 and was the only bidder for the lottery deal, which some criticized as being too secretive and rigged in favor of the company.
Following the bid announcement, Pennsylvania Attorney General Kathleen Kane challenged the legality of the lottery sale, leading to several extensions within the agreement.
Camelot was promising $34 billion in profits over the next 20 years. Pennsylvania’s lottery is among the nation’s largest, with $3.7 billion in sales last year. Corbett said the Camelot deal would have helped the lottery make more money.
"I want to thank the teams for the hard work and effort," Corbett said. "Our continued goal is to ensure a growing, predictable revenue stream for senior programs to meet the growing demand, and we will continue to work with all stakeholders and interested parties to explore new ways to harness market resources to enhance our Lottery's continued success."
Corbett said the agreement would have assured at least $34.6 billion in profit, an increase of up to $5 billion, which could have been used to invest in senior citizen programs throughout the contract. Corbett said that amount was significantly greater than this year’s profit growth of $6 million.
"As we move forward, we will take what we've learned to make our successful lottery even better, [through] expanding the player and retailer base, improving player loyalty, and implementing strategies that will grow our lottery, responsibly and efficiently," Corbett said.
The Pennsylvania Lottery is the primary source of revenue for senior services in the commonwealth.