Proposed 10-year pact offers $110M savings to taxpayers
by David Beasley/The Center Square
A proposed new vendor contract will save the North Carolina State Lottery at least $110 million over the next decade, providing more money for education, lottery officials said Wednesday.
"That is a conservative estimate" of the savings, Terri Rose, the lottery's chief brand officer told a committee of the North Carolina State Lottery Commission.
The $110 million savings figure is based on no growth at all in scratch-off ticket sales over the next 10 years.
Under the new contract, IGT will also “fully refresh” all of the equipment retail locations where lottery tickets are sold. The state will also receive 500 ticket vending machines at no extra cost.
Since it was launched in 2006, the North Carolina lottery has raised $10 billion for education in the state, according to the lottery website.
Link for the article
|