Private management of Pennsylvania Lottery
Pennsylvania Lottery privatization
Some claim that the state is the worst possible manager and advise against allowing too many companies to be administered by it. On the other hand, marketing a state’s future revenues needs to be done with a lot of attention, because there is a real chance of hurting the community is in the process. Pennsylvania lottery has always been a successful venture, and lately the profits have risen, which makes it difficult to decide whether privatizing it is a good idea or not.
Advantages of privatizing Pennsylvania lottery
For starters, whenever the economical context worsens, the number of people who purchased lottery tickets increases. Why this is not a healthy approach, it is a universal truth and the state of Pennsylvania makes no exception. The question is how exactly would the community benefit from privatizing Pennsylvania lottery and which are the companies that could be regarded as suitable investors.
What is certain, is that a company of the size of Camelot who is currently managing the British National Lottery has access to huge resources, and this will translate into better service. Senior citizen programs are the ones that should benefit the most from privatizing Pennsylvania lottery, as more money will be collected. Camelot is not only a very experienced operator in this industry, but also one that brilliantly succeeded in reducing operational costs. The National Lottery is one of the most cost-effective ones in Europa, which means that more money is collected by the government, vendors or donated to charity.
The benefits of managed competition
One of the less obvious advantages of transferring Pennsylvania lottery from state-controlled to a private entity, is that competition leads to progress. The local authorities are in complete accord when it comes to promoting competition between the private and public sectors, because they are convinced that this is the road to improvements. The companies who are interested in running Pennsylvania lottery in the upcoming years are making generous bids, because they are confident in the future of this business. Pennsylvania seniors are going to be the main beneficiaries if the state accepts one of these offers.
The bidding process itself is just as exciting as it is productive, because private lottery management means that the best elements can be imported and implemented. While making as much money as possible is the number one concern for Pennsylvania lottery, this shouldn’t be done at the expense of those struggling with poverty. Since these are the ones that make up for most of the players, it is vital for the ones who operate the lottery to be socially responsible and not cash in on gambling addiction. If done properly, the privatizing of Pennsylvania lottery should be a win-win situation for all the parties involved.
Check out Where does lottery money go? now.
