If PA Lottery Privatization Loses, The Privatizers Still Win

Must be nice to be in a business where losing out on a contract nets you a million-dollar payday. NewsWorks reports: “The state could be on the hook for as much as $1.2 million for work by its consultants on a deal to turn over the operations of the lottery to British firm Camelot Global Services. Attorney General Kathleen Kane rejected the contract, but if the deal had gone through, payment to the two advisers could have been much higher — the total pay was capped at $30 million. Baltimore legal firm, DLA Piper, could receive as much as $375,000 for its work, while Chicago-based financial adviser Greenhill and Company would be paid at least $850,000. The payment will come out of the state’s lottery fund.”