Enter to win every day in CTNOW's 21 Days of Summer Giveaways. Click here to see today's prize.
Topics

Republican Governors Association

N.J. lottery misses revenue target under private manager

TRENTON, N.J. — Three months after Illinois declared the first privately run 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 Gov. 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. Christie, a second-term Republican considering a 2016 run for president, said in 2013 that a private operator would help the state as tax...

Loading

92°