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A year after the collapse of the New Jersey Lottery that left more than $600 million in the state’s pot, the gaming center is poised to reestablish itself as the largest lottery in North America.
Founded in 1977, New Jersey’s lottery has had a rocky history, with millions of dollars being won and lost over the years. But it’s finally come up for sale and can be found for sale for $2.5 million.
In a press release, the New Jersey Lottery said its owners, the North Jersey Lottery Corporation, “will utilize their expertise and resources to establish a competitive, world-class, multi-generational, multi-faceted lottery system”. The Lottery’s press release also said “the state-of-the art facility will showcase the latest technological innovations and the lottery’s historic history.”
The company, according to a source in the state’s gaming community, said: “The potential returns to the Lottery will be enormous and significant, and it will help the Lottery to continue the legacy and success it has achieved with state and local governments and businesses.”
In addition to new technology to manage the game, the deal would see the sale of all revenue from the lottery to New Jersey state coffers, as well as the ability to “finance the construction of a new, state-of-the-art, high-security facility to house the Lottery and other lottery components like cash machines, lottery counters, kiosks and security cameras”.
The New Jersey Lottery confirmed the sale of the state to The New York Times.
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