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State Awards $3.95 Million Contract for Lottery Consultant

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The state of Illinois has awarded a consulting firm a $3.95 million contract to help the state select a private manager for its lottery.

The Oliver Wyman Group has an 18-month contract that starts in April.

Jodie Winnett is the acting superintendent of the Illinois Lottery. She says it’s a more than $2 billion business, but there’s room for improvement.

WINNETT: To make an investment now in a quality team and quality advisors that can help us structure our relationship that grows those revenues over what will be the 10 year relationship with the private manager, it will be well worth the investment.

State lawmakers passed a measure last year allowing lottery management to be outsourced.

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