The number of people trying their luck to win a lottery annuity settlement appears to be declining in many states. New Jersey privatized their lottery program in October of 2013 in an effort to increase sales and make the system more efficient. Unfortunately, the results haven’t been quite what lawmakers expected.
On Tuesday (11/24) the state Senate Legislative Oversight Committee summoned the state’s private lottery contractor, Northstar New Jersey, and state lottery officials in charge of lottery payments to answer questions on the recent revenue failures, according to the New Jersey news site NJ.com.
“There’s a real question as to whether lottery privatization is paying