Carol D’Amico of Conexus Indiana has a guest post on the Central Indiana Corporate Partnership (CICP) blog today supporting our latest Letters to Our Leaders offering, which suggests privatizing the lottery to fund needed workforce development programs in the state.
Such a new revenue source could provide the funds necessary to help move more young people into the higher education pipeline, building our future workforce, as well as addressing the critical need to retrain our incumbent workers.
Some worry that private management of the Lottery is tantamount to a further expansion of gambling. Under the legislation considered last session, at least, the private manager was specifically prohibited from expanding the menu of lottery games. It should also be noted that Hoosiers spend less on our lottery than the average American. We rank 26th among the 41 states with lotteries in per capita spending ($118 per person). All adjacent states rank higher in lottery spending, from $135 per person in Illinois to $195 in Michigan…new management would certainly be incentivized to market the lottery aggressively, but it’s unlikely to turn Hoosiers into a pack of gambling addicts.