Illinois lottery business plan
From: Ban A.
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Details of new Illinois Lottery manager deal shrouded in secrecy
Illinois lottery winners keep earnings a secret | The Seattle Times
At the Mobil service station he manages in Lindenhurst, manager Mike Patel has a winners wall showing all the five- and six-figure winning tickets sold there. But future big winners may not feel as lucky because their winnings would be stuck in financial limbo due to the ongoing state budget impasse in Springfield. Patel says his customers are wondering what will happen to their winnings if they do win and when they'll get paid. According to lottery officials, the comptroller's office does not have legal authority to release the funds while the budget remains unsettled.
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Illinois Privatizes Lottery Management, Again
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Federal law prohibits states from fully privatizing their lotteries through outright sales or long-term commercial leases, though many states currently outsource certain sub-functions within their internal lottery operations, such as lottery terminals, ticket systems, central data systems and the like. In recent years, several states have taken privatization further, tapping private sector management to increase net lottery revenues in an effort to help supplement traditional tax revenues, which have been hard hit in the post-recession economy. Illinois became the first state to privatize the management of its lottery in