Privatized NJ Lottery: Record Revenue, Worst Returns in 4 decades


DUSTIN RACIOPPI in (via Atrios)

In the past, record sales most often translated to record dollars back to the state for school nutrition programs, education scholarships and housing for disabled veterans, money required to be funneled to the budget by the law that created the lottery itself.

But New Jersey isn’t expecting those record sales to translate to the state budget for fiscal 2015, which ended in June, the first full year since the lottery’s sales and marketing was outsourced to a group that spent heavily on lobbying firms led by Governor Christie’s closest allies.

Source: Record N.J. lottery sales are no windfall; worst returns in 40 years fuel vendor criticism