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California Considers Leasing Out Its Lottery

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California Considers Leasing Out Its Lottery

U.S.

California Considers Leasing Out Its Lottery

California Considers Leasing Out Its Lottery

  • Download
  • <iframe src="https://www.npr.org/player/embed/10634312/10634313" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

California might become the first state in the nation to privatize its state lottery.

Gov. Arnold Schwarzenegger is exploring the possibility of contracting out the lottery to private investors, in the hopes of reaping an upfront multi-billion-dollar lease payment and fatter jackpots. Critics contend that the move would hurt education funding, as schools might no longer be guaranteed their share.

John Myers reports from member station KQED.