Springfield, Ill.
The state of Illinois could reap up to $10 billion if it completes plans, announced this week, to sell its lottery. Democratic Gov. Rod Blagojevich wants to sell the lottery, which collected $2 billion last year and made a $630 million profit, to raise money for schools. The sale would give the state an immediate financial boost, but critics are saying it’s shortsighted to give up a steady revenue stream. Potential bidders include gaming companies and private-equity groups.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
UK-India trade deal: how the social security arrangements will workThe Explainer A National Insurance exemption in the UK-India trade deal is causing concern but should British workers worry?
-
Man arrested after 'suspicious' fires at properties linked to Keir StarmerSpeed Read Prime minister thanks emergency services after fire at his former family home in north London
-
Elon Musk's SpaceX has created a new city in Texasunder the radar Starbase is home to SpaceX's rocket launch site
