> what they really did is outsource the management to a private company. > Those lotteries are not privatized in the sense of opening it up to competition. P

> what they really did is outsource the management to a private company. > Those lotteries are not privatized in the sense of opening it up to competition. Privatization typically refers to the management, not to competition. For example, we say that electricity is privatized in NYC because it is managed by a (highly regulated) publicly traded company, even though there is no competition[0]. [0] There is now competition for the supply (though not delivery) via ESCOs, but that is a very recent move.