With the guarantee of seeing profits from the Pennsylvania Lottery double over the next 20 years if the state privatizes management of the Pennsylvania Lottery, Gov. Tom Corbett’s administration now has to weigh how that stacks up against the profits a continuation of a state-managed lottery might produce.
Gov. Tom Corbett’s administration announced on Tuesday that a priced bid and 20 years’ worth of annual profit commitments has come in from Camelot Global Services PA LLC.
Camelot’s commitment promises to grow the annual profits from just more than $1 billion to $2 billion by 2033. That would include adding keno and other online lottery game options.