The Hoosier Lottery generated $250 million in surplus revenue for Indiana during the 2014 budget year.
The Mega Millions jackpot is currently $636 million, one of the highest in history.
Karl Browning previously served as INDOT Commissioner from 2006 to 2009 under former Governor Mitch Daniels.
Wednesday's Powerball jackpot is currently at an estimated $550 million, but experts says the odds of winning are one in 175 million.
The Indiana Lottery Commission has voted to hire GTECH to manage the state's lottery in hopes of boosting revenue.
The Indiana Lottery Commission will decide next week whether to privatize management of the Hoosier Lottery.
A state commission is deciding whether privatizating the management of Indiana's lottery could increase revenues.