‘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
11/25/14 Santander Renews Support for International Study Programs at Holy Cross
11/24/14 Holy Cross to Celebrate the Holiday Season with Tree Lighting and Advent Festival of Lessons and Carols
11/21/14 Photo Gallery: Women in Business Conference Perfect Opportunity for Alumnae, Students to Network
11/20/14 Vice President for Mission Named at Holy Cross
See All
See All

Featured Videos

See video
Video, Photo Gallery: Students Meet With Neil deGrasse Tyson in Exclusive Seminar

Watch Video >
See video
Video: Fall Foliage Makes for Breathtaking Scenes on Holy Cross Campus

Watch Video >
See video
Artist-in-Residence Cristina Pato and Renowned Composer Osvaldo Golijov to Lead Concert and Panel Discussion

Watch Video >
More

What’s Happening on Campus

12/04/2014

Christmas Tree Lighting presented by the Purple Key Society

See More >
12/11/2014

College Choir and Chamber Singers Present Advent Festival of Lessons & Carols

See More >
More

Holy Cross in the News

11/19/14

‘Remembering The Jesuits Whose Murders Brought An End To Salvadoran Civil War’

WBUR

WBUR, Boston’s NPR news station, reported from San Salvador, El Salvador, during the commemoration of six Jesuit priests murdered by the Salvadoran army 25 years ago in the...

11/14/14

‘Astrophysicist Tyson sells spirit of science: Cosmos superstar shines at HC’

WBUR | Telegram & Gazette | Worcester News Tonight

Astrophysicist Neil deGrasse Tyson lectures to a packed house at the College of the Holy Cross last night, where more than 2500 people were in attendance.  The talk, titled...

11/07/14

Biology Professor’s Research on Extinct Dodo Bird Makes International Headlines

International Business Times | Yahoo! News | Wired

With new insight on perhaps one of the most distinguished animals to have gone extinct in human history, Leon Claessens, associate professor of biology at the College of the...