Perry Proposes Texas Lottery Sell Off

Texas governor Rick Perry has announced plans to privatise the State’s lottery, a move which some believe could lead to the relaxation of the Lone Star State’s strict anti-gambling laws.

During Perry’s bi-annual “State of the State” address the newly re-elected Republican governor told senators and congressmen that privatising the lottery would raise up to $14 billion that would be used for funding health insurance for the uninsured poor and research into cancer.

"This moment in time is a unique opportunity to address great challenges and build the foundation for a future of unparalleled prosperity," Perry said, noting that Indiana and Illinois were among other states considering privatising their lotteries and predicting that many other states would follow.

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