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September 1, 2014, 1:39 pm
970 WMAY News

Lottery Proceeds Falling Short Of Initial Predictions


The first year of the Illinois Lottery’s operation by a private firm has generated mixed results, according to the Chicago Tribune. 

 

Even though lottery profits have been higher since Northstar Lottery took over, the money is less than what Northstar projected when it beat out other bidders to win the contract. 

 

That could mean Northstar will have to pay up to eleven-million in penalties back to the state.  But the company has reportedly asked an arbitrator to revise the revenue estimates in an effort to avoid paying those penalties.

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