‘Could there be a $1 billion jackpot?’

CNN

August 8th, 2013 by 

The size of U.S. lottery jackpots is growing as game mergers and ticket price increases drive amounts higher, CNN reported this morning. Victor Matheson, associate professor of economics at the College of the Holy Cross, commented on what was contributing to this growth as the prize reached its third-highest jackpot in history.

“In the last couple years, there has been a merger between the MegaMillions and the Powerball, and now you can buy both in just about every state in the United States, which gives you a much bigger pool of bidders which makes the jackpot pool a lot bigger as well,” says Matheson. “Powerball, at the same time, doubled the price of their tickets from $1 to $2.”

    For additional information, please contact Bridget Cass at 508-793-2419.

    | More

    Comments are closed.

    Sort By:
    or
    07/30/14 Blog: Andersen ’16 Ready for the Challenge of Studying in Another Country
    07/30/14 ‘Holy Cross Ranks No. 53 on Forbes’ List of America’s Top Colleges’
    07/29/14 ‘Exhibit showcases German artist’s version of saintly and secular female subjects’
    07/28/14 ‘Fiske Guide’ Includes Holy Cross Among ‘Best and Most Interesting’ Colleges
    See All
    See All

    Featured Videos

    See video
    Strong Alumni Support Makes for Record-Breaking Year in Giving to Holy Cross

    Watch Video >
    See video
    Video: Galician Bagpiper Cristina Pato Kicks Off Arts Initiative With Rousing Performance

    Watch Video >
    See video
    ‘African community leaders call for Nigeria to respond to kidnappings’

    Watch Video >
    More

    What’s Happening on Campus

    08/15/2014

    As Far As the Eye Can See

    See More >
    08/24/2014

    Early Arrivals Mass

    See More >
    09/03/2014

    Career Carnival

    See More >
    More

    Holy Cross in the News

    07/30/14

    ‘Holy Cross Ranks No. 53 on Forbes’ List of America’s Top Colleges’

    Forbes.com

    The College of the Holy Cross ranked no. 53 overall and no. 44 among private colleges on Forbes’ list of America’s Top Colleges. Forbes partnered with the Washington,...

    07/15/14

    ‘Boston student-athlete thrives after early turmoil’

    Boston Globe

    Attacked by her knife-wielding father when still in the womb, Yonetta Harris, a member of the College of the Holy Cross class of 2018, has built a life that touches many. In...

    06/25/14

    ‘Sporting cold feet’

    Canadian Broadcast Corporation News

    With the FIFA World Cup at the center of attention around the world, Victor Matheson, professor of economics at the College of the Holy Cross, offers major Canadian news...