News | September 18, 2015 07:22 PM EDT

Rauner administration reaches agreement to terminate Illinois Lottery manager ... - Fox Business

The state of Illinois reached an agreement to terminate the contract of Northstar Lottery Group, the private company managing the state's lottery, the governor's office said Friday.

A new private manager will take over day-to-day operation of the lottery by Jan. 1, 2017, under a pact disclosed by Gov. Bruce Rauner's general counsel Jason Barclay. The move comes after a legislative report earlier this month revealed the Lottery lost money last year for the first time since 2009, reducing the amount of money it generates for state programming by $125 million.

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