Podcast: Privatization Plans for NJ State Lottery

Controversial scheme puts Assembly Democrats and Republicans at loggerheads

This past week, the Assembly Budget Committee held a hearing on the Christie administration’s plan to partially privatize the $2.8 billion New Jersey Lottery. Democratic legislators are upset that the proposal to put marketing and sales functions out to bid was done quietly and without any public hearings.

It’s a controversial move, one that has generated its share of anger and frustration, as with WHYY/NewsWorks’ Alan Tu.

Meanwhile, Republicans on the committee said the administration’s move is proper and should bring in more money to the state — including an upfront $120 million payment. Democrats and union leaders counter that the money will go to closing the state budget gap.

Bids are due back Tuesday, December 11.