New Jersey Legislature Wants Say In Privatizing Lottery
TRENTON, N.J. (AP) — A state Senate panel is set to consider a bill giving the Legislature a say in plans to privatize New Jersey's Lottery.
The bill up Monday requires legislative approval of any private vendor.
The state Treasury Department is looking to hand over sales and marketing to a private company this year. The state would keep ownership of the lottery and would try to find work for 150 lottery workers under the new arrangement.
New Jersey has the eighth largest state lottery in the country.
The state believes a privately managed lottery could bring in more revenue, which it shares with education and social services programs.
The lottery grossed $2.8 billion in revenue last year.
Gov. Chris Christie could veto the bill if it reaches his desk.
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