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What are private prisons?

Private prisons are prisons that are privately owned and operated, or leased by private corporations that have total operational control. Such prison services are procured by federal, state and local governments. At present our governments spend approximately one billion dollars to house approximately 130 private prisons nationwide, 150,000 beds, $3 billion/year in profits for the industry around the USA, including immigration detainees. (Source: USDOJ report, pg. ix)