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.
‘Princeton Review Ranks Holy Cross Among Best Institutions for Undergraduate Education in the Country’
College ranks no. 9 nationally for most accessible professors
The College of the Holy Cross is one of the country’s best institutions for undergraduate education, according to The Princeton Review’s annual college guide, “The Best...07/30/14
‘Holy Cross Ranks No. 53 on Forbes’ List of America’s Top Colleges’
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,...07/28/14
‘Fiske Guide’ Includes Holy Cross Among ‘Best and Most Interesting’ Colleges
Once again, the College of the Holy Cross has been included in the “Fiske Guide to Colleges.” Compiled by former New York Times education editor Edward B. Fiske, the 2015...