Governor Tom Corbett has determined that revising the Lottery vendor contract with Camelot Global Services in order to provide clarification to the Attorney General is the appropriate next step in furthering the goal of growing and securing predictable Lottery funding for senior programs for decades to come.
The contract with Camelot is a vendor contract, under which the company will provide management and marketing services. The Lottery will continue to be owned and operated by the state.
“This is about providing for and protecting seniors,” Corbett said. “Our goal is to make sure that our dramatically growing senior population will continue to have access to crucial programs and services in the years to come.”
Camelot has committed $3 billion to $4.5 billion of new funding for senior programs over 20 years, and if the profits fell short of that commitment Camelot would reimburse the state for the shortfall, up to 5 percent of profits. Currently, the Lottery has no such protection.
It is anticipated that the Department of Revenue will submit a revised contract in the upcoming months to the Office of Attorney General. The contract will be available online when it is finalized.
“We believe that predictable and growing funding for senior programs is a vital concern for all Pennsylvanians, and we will work to provide more clarity to the Attorney General in order to assist her review of the revised contract.”
Camelot’s bid has been extended through June 30.
The article above provided by the Office of the Governor.