‘The pros and cons of privatizing the lottery’

WHYY - Radio Times

January 15th, 2013 by Holy Cross in the News

In a story about privatizing the lottery in Pennsylvania on WHYY’s Radio Times, Victor Matheson, associate professor of economics at the College of the Holy Cross, commented on the pros and cons of Governor Corbett’s controversial decision to contract with the Camelot Group, a U.K.-based private lottery company.

Noting that in the first year of privatization Illinois saw record lottery revenue, Matheson said, “Just because you privatize something doesn’t necessarily mean that’s some sort of silver bullet that solves all of your problems. You have lots of state lotteries run very efficiently and generating significant revenues being run by the government. Just because it’s being run by the government doesn’t mean it’s being run inefficiently. And it doesn’t mean that a private company can automatically, just by the magic of the marketplace, come in and generate significantly higher revenues.”

This “Holy Cross in the News” item by Kristine Maloney.

| More
Tags
Categories
In The News, News

Comments are closed.

Sort By:
or
04/23/14 Holy Cross’ College Choir to Perform a Collaborative Piece at Mechanics Hall
04/23/14 Women’s Lacrosse Defeats Colgate, 10-8, In Patriot League Quarterfinal Game
04/23/14 Sean Gustin Garners National Attention for Being a Rare Two-Sport DI Athlete
04/22/14 Holy Cross Named to Princeton Review’s Guide to Green Colleges of 2014
See All
See All

Featured Videos

See video
Video: First-Year Students Contemplate New Chapter in Life at Escape Retreat

Watch Video >
See video
Video: Holy Cross a Cappella Groups Perform Christmas Classics

Watch Video >
More

What’s Happening on Campus

04/23/2014

Cristina Pato & the Migrations Band: Kick Off Celebration for Arts Transcending Borders

See More >
04/24/2014

Acclaimed Author Leah Hager Cohen to Give Reading at Holy Cross

See More >
04/29/2014

Know Your Rights: Bullying, Hate Crimes & Civil Rights

See More >
04/29/2014

Student Town Hall on College Communications Initiative

See More >
More

Holy Cross in the News

04/21/14

‘Holy Cross Prof. Jack Schneider and StudentsFirst Founder Michelle Rhee Host Blog on Education Week’

Education Week

In response to the continuously building tension surrounding issues of education reform in America, Jack Schneider, assistant professor of education at the College of the...

04/21/14

Holy Cross launches ‘Arts Transcending Borders’

Telegram & Gazette

Lynn Kremer, professor of theatre at the College of the Holy Cross, spoke recently with Nancy Sheehan from the Worcester Telegram & Gazette about a new collaborative arts...

04/17/14

‘High school students celebrate ancient Roman culture’

Boston Globe | Telegram & Gazette

Photos from this year’s 42nd annual Classics Day at the College of theHoly Cross were featured on the front page of the Boston Globe and the Worcester Telegram &...