New Jersey governor aims to privatize lottery
New Jersey governor Chris Christie hopes to privatize the New Jersey state lottery. Many skeptics believe the move to privatization of the state lottery will hurt small-business owners, taxpayers, and the overall state fiscal health.
Last year, a study was conducted to find ways to make the New Jersey lottery run better and more efficiently. The study found that the New Jersey lottery is one of the most efficiently run, and sales grew 42% from 2000 to 2010. With the lottery running smoothly, even surpassing most other states in sales, why would the governor move to make drastic changes?
Christie believes sales and marketing functions should be controlled by a private company in order to bring in more revenue. Currently, Christie is looking for a large company to privately own lottery sales.
This move to privatization could harm small businesses and take away sales for independent lottery vendors.
What do you think is the right move for the lottery? Stay public or go private?