Governor Corbett will revise lottery contract to address Attorney General's concerns
Governor Tom Corbett has determined that revising the Lottery vendor contract with Camelot Global Services in order to provide clarification to the Attorney General is the appropriate next step in furthering the goal of growing and securing predictable Lottery funding for senior programs for decades to come.
The contract with Camelot is a vendor contract, under which the company will provide management and marketing services. The Lottery will continue to be owned and operated by the state.
Camelot has committed $3 billion to $4.5 billion of new funding for senior programs over 20 years, and if the profits fell short of that commitment Camelot would reimburse the state for the shortfall, up to 5 percent of profits. Currently, the Lottery has no such protection.
It is anticipated that the Department of Revenue will submit a revised contract in the upcoming months to the Office of Attorney General. The contract will be available online when it is finalized.
Camelot’s bid has been extended through June 30.
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