INDIANAPOLIS (AP) -- Two foreign companies have dropped out of the bidding to become the first private manager of Indiana's lottery.
A spokesman for Tatts Group of Australia told The Indianapolis Star on Thursday that it decided against bidding for the contract because it didn't believe the state's model worked for it.
British company Camelot Global Services also withdrew, saying the Hoosier Lottery's process encourages bidders to propose artificially high revenue targets.
Lottery spokesman Al Larsen says the agency disagrees with Camelot's conclusions.
Tatts and Camelot were among four firms that had submitted information to lottery officials ahead of last week's deadline for formal proposals. The lottery hasn't released information about those bids.