Chicagoist: State May Lease Lottery

matilda

Thu, 11 Sep 2008 13:25:18 -0600

E: Presumably, the difference between what people pay for tickets and what they win, minus operating expenses, plus the benefits of any subsequent expansion. Is that wrong?

E

Thu, 11 Sep 2008 13:14:55 -0600

Why would anyone lease the lottery? Naming rights? What's in it for the leaser?

matilda

Thu, 11 Sep 2008 12:52:27 -0600

One of these days the various states--and this is a trend gaining steam--will run out of valuable public assets to sell to private firms, and will have to deal with the underlying structural problems in their finances/budgets. Rough guess: Happens within 10 years, assuming this trend gains even more steam.