Remember how Corbett almost sold the PA Lottery? NJ's is not doing well.

Let me bring back a painful memory. Corbett came very very close to selling off the entire PA. Lottery system for the next 30 years to a foreign company. He believed all kinds of rosy forecasts from the buyer, even though the existing PA. Lottery staff were doing a great job by all measures.

Well, Christie in NJ did go ahead and sell their lottery. How's that workin out for ya?

http://readingeagle.com/news/article/after-privatization-new-jersey-lottery-is-missing-targets

excerpt:

"a lottery once ranked among the nation's top performers is now lagging for the second straight year, trailing its state income targets by $64 million seven months into the current fiscal year. Meanwhile, the company running it has spent hundreds of thousands of dollars to hire lobbyists and a public relations firm with close ties to the governor.

NJ lawmakers anticipated receiving nearly $1.04 billion in income from the lottery this year, a number reduced to $955 million in a revised budget released this month. Having collected an estimated $510 million seven months into this fiscal year, the lottery is not on track to meet even its lowered expectations.

The shortfalls could mean budget cuts to programs directly funded by the lottery system — such as after-school care, programs for veterans and education for the deaf — should the lottery's fortunes not improve.

The lottery's woes are one piece of New Jersey's fiscal troubles, which include transportation funding shortfalls and underfunded state pensions."