Corbett: Privatizing Lottery Will Help Seniors

By Erika Mahoney

Corbett: Privatizing Lottery Will Help Seniors

January 17, 2013 Updated Jan 18, 2013 at 1:40 AM EDT

(WBNG Binghamton) The Governor of Pennsylvania said he will seek a private company to run the state's lottery system.

Gov. Tom Corbett said he wants a company called Camelot Global Services PA LLC to buy the lottery.

The governor said Camelot will maximize profit as it provides security for programs aiding the state's senior population, which is on the rise.

The contract with Camelot Global Services offers $3 billion to $4.5 billion worth of new funding for senior programs.

That funding is promised to stick around for more than 20 year, Corbett said.

"This is about our growing population of older Pennsylvanians," Corbett said. "It's about making certain their remaining years are lived with dignity and independence. That can only be accomplished if we keep our promises to them."

Corbett said the Keystone State has the fourth largest population of older adults in the country.

The decision comes after nine months of research into the plan.