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State to Hire Private Lottery Manager
The Illinois Lottery is looking to hire a private manager, but is not privatizing.

According to officials with the Illinois Lottery, their intent to hire a private manager has created public confusion and they want to clear it up. "We would like to make it absolutely clear that: The State of Illinois is not privatizing, selling or leasing its Lottery," officials said in a written statement.

Spokeswoman Susan Hofer says the Lottery is seeking a management agreement that will enable the business to more quickly react to market forces. The Lottery will continue to be conducted by the State of Illinois, as a state agency.

The new manager could be in charge of the allocation of about $1 billion of goods and services over the course of the envisioned 10-year agreement. The manager will be paid a fee for its services. It is comparable to hiring a manager to run a family business -- not selling the business and taking the money in a lump sum, the Lottery says.

The increased Lottery profits generated from these management changes will be used to fund the capital building program authorized last year by the General Assembly. Funds will continue to go to the common school fund at the same level as before.

(Illinois Radio Network)
04 08 10 by Newsroom
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