Pennsylvania Lottery hits sales, profits records amid fight
The Pennsylvania Lottery achieved records in sales and profits, even as Gov. Tom Corbett fought to hand its management over to a private British firm.
The lottery Thursday reported sales of $3.7 billion in the fiscal year that ended June 30. That's up $219 million, or six percent. Profits were relatively flat at just above $1 billion, rising $6.5 million, or less than 1 percent.
Profit margin shrank from above 30 percent to below 28 percent, as the cost of sales rose by nearly $200 million, or about eight percent.
Corbett wants to hire Camelot Global Services to run the lottery, saying it promises higher and more stable profits. His administration is trying to rewrite the contract after Attorney General Kathleen Kane rejected it in February as illegal.
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