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.
Holy Cross Accounting Program Ranks No. 3 in Massachusetts
Accounting Degree Review
The College of the Holy Cross’ accounting program ranks No. 3 in Accounting Degree Review’s “Top 10 Undergraduate Accounting Programs in Massachusetts.” According to...11/10/15
‘Women in Business conference: Holy Cross alumna at Vanity Fair says degree is key to success’
Telegram & Gazette
“Earning a liberal arts degree is the smartest thing a person can do to become successful in the business world,” said Aimee Bell ’88 to the Worcester Telegram...11/05/15
Economist Magazine Places Holy Cross in Top 3 Percent of ‘Best Value’ Ranking
The College of the Holy Cross is No. 36 among 1300 public and private institutions reviewed by the Economist in its first-ever best value rankings, putting the College in the...