Indianapolis (Indiana’s NewsCenter) - The Indiana State Lottery Commission is looking at proposals from private-sector firms in an effort to improve the performance of the Hoosier Lottery.
Hoosier Lottery Executive Director, Karl Browning says that the goal is to help the state increase its revenue.
The Lottery will conduct the solicitation in two steps. The first step, to be completed by mid-June, will identify an initial list of firms that have an interest in developing a bid to assist the Lottery with its operation. The second step, to be completed by September, will accept business plans and formal, binding offers from firms.
The Commission will be in a position by October to determine if an award is in the best interest of the State.
Interested private sector firms are encouraged to respond by June 1.
Details can be found at www.in.gov/ifa.
Since its inception in 1989, the Hoosier Lottery has produced more than $4 billion in net income for the State of Indiana including $188 million in fiscal year 2011.
What are your thoughts CLICK HERE to leave us a "QUESTION OF THE DAY” comment.
© Copyright 2015, A Granite Broadcasting Station. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.