N.J. prepares to bet on privatized lottery
New Jersey officials will meet Thursday morning in Trenton with the companies that will submit proposals to take over and privatize the management of the New Jersey Lottery, an initiative that could include launching the state’s first Internet lottery games. The state’s request for proposals requires the winning bidder to make an upfront payment of $120 million to the state.
Since it was launched in 1970, the New Jersey Lottery has contributed more than $20 billion to education and state institutions, according to the state.
Potential bidders will attend a mandatory 10 a.m. public “pre-proposal conference” Thursday at Treasury’s Division of Purchase and Property, with Nov. 15 the deadline for bids. (Fitzgerald, NJBIZ)
https://www.njbiz.com/article/