But Camelot is betting that lawmakers will change that law and maintain the 27 percent floor for the next 20 years, through 2033. This change alone would amount to a $1.244 billion loss to seniors if the same sales revenues are achieved without Camelot's profit taking.
"For 42 years, the lottery has always gone well above the minimum because that's the right thing to do," Fillman said. "But under this deal, every $1 above that minimum goes to Camelot's bottom line."
SOURCE AFSCME Council 13