Privatizing the Lottery for Schools

CHICAGO (AP) -- Governor Rod Blagojevich now says the state could get more than the ten billion dollars initially estimated if the lottery is privatized to raise money for schools.

Blagojevich said during an appearance today that the lottery could bring in as much as 15 billion dollars.

In May, the governor proposed leasing the lottery to a private company or selling stock in it to fund schools.

Blagojevich says the projections have changed because financial experts are getting a good response to the proposal. Lawmakers would have to approve any deal.

The governor's Republican opponent, state treasurer Judy Baar Topinka, has criticized the governor's plan to privatize the lottery.

Topinka spokesman John McGovern called Blagojevich's latest lottery estimates phony.