NJ Lottery Numbers Fall Short in First Year of Switch to Private Operator
Income looks to be $24 million below projections due to higher expenses and decline in revenue
The numbers aren’t adding up.
Gov. Chris Christie privatized the state lottery last year, in what was billed as an effort to make the system more profitable.
But now the contractor running the system is reportedly running up higher costs and bringing in less revenue, falling short of projections by about $24 million in its first year, according to Bloomberg News.
A spokesman for New Jersey's chapter of the Communication Workers of America, which represented state employees who used to run the lottery, says the numbers confirm their objections to the privatization.
The Christie administration says the 15-year contract should not be judged by one year's results.
by WNYC/NJPR, content partners of NJ Spotlight.