Auditor-general to probe Labor’s 40-year lottery deal in Victoria

The Victorian auditor-general will probe whether the Allan government’s decision to award a 40-year extension to the state’s lottery licence was good value for taxpayers amid criticism that the $1.15 billion deal was shrouded in secrecy.

The Lottery Corporation revealed in a statement to the securities exchange it had signed a deal to extend its exclusive public lottery licence for 40 years, four times longer than the typical length of the contract, on May 5, the morning of the state budget.

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