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Mon June 23, 2014
Lottery Contractor Likely Short Of Target
Illinois' lottery contractor will likely be $200 million short of the money it promised the state this year when the fiscal year ends next week.
Northstar Lottery Group has never reached the profits it signed onto when it
took over in 2011.
The contract says falling short of goals by 10 percent two years in a row is
reason to end the partnership, and this year would be the second consecutive
year it hasn't made its goal.
Northstar CEO Tim Simonson says that his company has achieved higher profits
than the state ever did. He also argues state officials have limited the
company's ability to launch new games and marketing campaigns.
Education Desk Features