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Vote On Hoosier Lottery Privatization Set

Last Updated: September 27, 2012 9:06:51 am
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Hoosier Lottery(Indianapolis, Ind.) - The Hoosier Lottery Commission is expected to decide next week whether to private the state’s lottery.

 

Officials are considering outsourcing the lottery's marketing and ticket distribution in an effort to bring in more money. A vote is scheduled to take place October 3. The commission will decide which of two lottery companies’ bid to accept, or to keep the state lottery in-house.

 

Director Karl Browning says Indiana's lottery has only grown about a third as fast as the other state lotteries and has earned just two-thirds the profits of other states. 

 

According to the Indianapolis Star, Browning said during a commission meeting on Wednesday that the state would use a simplified system of bonuses and penalties to encourage a private manager to boost the state’s lottery profits.

 

Indiana is hoping to avoid a situation similar to what is occurring in Illinois, where the state and a private lottery manager are in arbitration over the company’s failure to produce better profits.

 


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