N.J. Lottery Missing Christie Goals With Private Operator
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Three months after Illinois declared the first privately run U.S. state lottery a failure, New Jersey’s similar experiment is faltering, endangering a program that supports schools and the disabled.
Northstar New Jersey Lottery Group’s revenue fell short $24 million in the year ended June 30, even after Governor Chris Christie let the company cut the target. Lottery collections, the state’s fourth-largest revenue source, were down 9.2 percent from July 1 through Oct. 31. The forecast calls for annual growth of 7.4 percent.