‘The pros and cons of privatizing the lottery’

WHYY - Radio Times

January 15th, 2013 by 

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
05/05/16 Photos: Holy Cross Theatre Department’s Modern-Dress ‘Hamlet’ Captures the Attention of New Audiences
05/04/16 Holy Cross Students Host Relay for Life
05/03/16 Holy Cross Ranked No. 19 on Forbes’ List of Best Value Liberal Arts Colleges
05/02/16 Holy Cross Kicks Off $400 Million “Become More” Campaign with Celebration Weekend
See All
See All

Featured Videos

See video
‘Major in Anything…Succeed in Business’

Watch Video >
See video
Photo Gallery, Video: Obama Advisor Broderick Johnson ’78 Speaks on ‘My Brother’s Keeper,’ Other White House Initiatives

Watch Video >
See video
Crusaders Win Patriot League Championship

Watch Video >
More

What’s Happening on Campus

05/06/2016

Gamelan Gita Sari Concert

See More >
05/26/2016

Senior Academic Awards and Prizes

See More >
05/26/2016

Baccalaureate Mass

See More >
05/26/2016

ALANA Baccalaureate Celebration

See More >
More

Holy Cross in the News

05/03/16

Holy Cross Ranked No. 19 on Forbes’ List of Best Value Liberal Arts Colleges

Forbes.com

The College of the Holy Cross ranked No. 19 on Forbes’ list of Best Value Liberal Arts Colleges. For this ranking, Forbes looked at U.S. colleges and universities “that...

04/29/16

‘Holy Cross honors Rev. Kuzniewski with field dedication’

Telegram & Gazette

Last Friday during halftime at the Holy Cross vs. Boston University men’s lacrosse game, the College of the Holy Cross dedicated Holy Cross Field, home of the men’s and...

04/20/16

Holy Cross’ Give Purple Challenge Highlighted for its Success

The Washington Post

“It took just 43 hours for the College of the Holy Cross to raise nearly $2 million,” a recent Washington Post article begins. The article discusses the increase in...