And with a wave of your hand and some perty words, it's all ok now.<quoted text>
The lottery is not being sold. This is just a management contract.
Let's take a far fetched unlikely scenario...
The "management contract" turns out to be horribly mismanaged.
The lottery money is running out and they can't afford to pay out the annuity payments. In fact, that pension, err lottery fund was raided to pay for current operations, including huge bonuses for the C level execs. Taxpayer bailout to the rescue.
Who should I be angry with?
The state government! They sold it, err, management contracted it out! And the non-lottery taxpayers have to pay!
I know. That scenario would never happen nor has anything similar ever happened in the last 12 minutes.
At the very least, with the state running everything with the lottery, if it goes belly up, we know exactly who to blame.