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Lottery Privatization Bid Deadline Extended By Ten Days

January 2, 2013
By

On Monday, the Corbett administration announced a ten-day extension for bids for the privatization of the Pennsylvania Lottery.

Monday had been the original bid deadline, as well as the date the administration had been given by Camelot Global Services — the corporation that has extended the only bid so far — to accept or reject their proposal.

The administration had already extended the deadline for a state workers union to make a counterproposal.

Camelot is offering Pennsylvania at least $34-billion over twenty years.  Under a privatization plan, the state would maintain ownership and control of the lottery while turning over the day-to-day operations to a private sector manager.

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