There’s word that Gov. Blagojevich refused to appear on CNBC to discuss his education plan if a skeptic from A+ Illinois was also on the show.
UPDATE: Kip Peterson, a lottery industry consultant, had this to say to Chicago Public Radio’s 848 program earlier today when asked whether the state could get $10 billion for the lottery:
“That’s dead in the water. There’s no way… You’re looking at 17 and a half years of revenue… Gaming is not stupid.”
The comment comes about 3:40 into the clip, which can be downloaded here (mp3 file - fixed link).
Peterson also said the only way to get that $10 billion was to allow the new operators to run Keno games and “let them do virtually everything in gaming other than run a casino.”
UPDATE: From ABC7:
The potential buyers are few but the potential profits from purchasing the Illinois Lottery are big. ABC7 News has learned that there are only three U.S. companies that could buy the Illinois Lottery — Intralot, G-tech, which already provides the online technology for the Illinois Lottery, or Scientific Games, which has the contract for Illinois’ instant scratch off tickets.
Intralot’s John Pittman says the bidding will be fierce if the Illinois Lottery goes up for sale. He says they are interested in buying the Illinois Lottery. […]
Professor Derek Neal, chairman of the University of Chicago’s Economics Department, says the plan depends on what the private firms are willing to pay.
“Spend it on whatever you want to, but it makes sense if you have an opportunity to sell an asset for more than you can generate from running the asset yourself — to do it,” said Derek Neal, Univ. of Chicago Economics Chair.
Professor Neal and the private firms ABC7 talked with Wednesday say they really want to hear more specific details from the governor’s office before they can say how much the lottery is worth or how much they would be willing to pay.