Indiana Closer to Privatizing the Hoosier Lottery

Indiana is one step closer to privatizing the Hoosier Lottery.

Tuesday, the State Senate approved a plan to outsource the lottery and use the money for life sciences research and college scholarships.

Governor Mitch Daniels wants to lease the state's lottery for 30 years.

In exchange, a private company would give Indiana an upfront payment of at least $1-billion.

Ten private companies have expressed interest in the plan.

The bill now goes to the House.

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