Gov. Tom Corbett today said that entering the contract is “clearly in the best interest” of seniors who benefit from lottery proceeds, according to a news release.
The decision follows about nine months of considering whether bringing in private management would be best to ensure profit growth, the release stated.
A contract with Camelot Global Services PA LLC offers an additional $3 billion to $4.5 billion for senior programs over 20 years, according to the release.
State Department of Revenue Secretary Dan Meuser has signed the contract with Camelot, Corbett spokesman Eric Shirk said.
It has now been sent to the Pennsylvania Office of Attorney General for review, he said. The office has 30 days to review the contract, Shirk said.
Attorney General Kathleen Kane’s office confirmed it has received the contract and that it has 30 days to review.
Spokesman Dennis Fisher said the office does a thorough job at such reviews, so the outcome shouldn’t be expected in just the next day or so.