CHICAGO — Illinois Gov. Pat Quinn Wednesday announced the selection of Northstar Lottery Group to privately manage and expand the Illinois Lottery. The deal is expected to raise $1.1 billion over the next five years for education and to repay bonds issued to support the state’s $31 billion capital program.
“I think this is the prudent course to take,” Quinn said after announcing the selection of Northstar over another bidder that sought to operate the Lottery in a first-of-its-kind contract. “Today’s announcement allows the Illinois Lottery to continue its crucial funding of our schools while increasing revenue for the Illinois Jobs Now program.”