The House Aging and Older Adult Services Committee will hold informational meetings about the Corbett administration’s plan to privatize management of the Pennsylvania Lottery, today, Jan. 22, and tomorrow at the state Capitol, says State Rep. Jim Cox (R-129).
The Corbett administration recently took steps to execute a management agreement with Camelot Global Services PA, which would act as a private manager of the lottery for 20 years. Camelot guaranteed the state $34.6 billion in profit over the two decades of the contract. The contract is subject to review and approval of the Office of Attorney General.
Lawmakers intend to examine how Camelot will generate the additional revenue and what protections will be in place if it should fail to do so.
Pennsylvania’s lottery, established in 1971, is the only one in the nation whose proceeds exclusively benefit senior programs, including low-cost prescription drugs, property tax/rent rebates and long-term living services.
To view a live web stream of the meetings, visit www.pahousegop.com.