06 May: Weinberg Statement On Lottery Privatization

TRENTON – Senate Majority Leader Loretta Weinberg, the sponsor of legislation that would require legislative approval before the Christie Administration could move forward on its highly-criticized plan to privatize the New Jersey Lottery and a separate Senate Resolution urging the administration to seek a legal opinion from the U.S. Department of Justice before undertaking the legally-questionable deal, issued the following statement on Monday after learning that the governor vetoed the initial bill:

“This is a bad bet for New Jersey because it gambles a highly successful lottery that provides substantial support for important public needs, including schools, the needs of senior citizens and the disabled. Why are we partially turning over to a private business a state lottery that has consistently produced close to $1 billion a year in profits for a one time payment of $120 million?