‘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
    02/11/16 Photo Gallery: Winter Homecoming 2016 One for the Record Books
    02/10/16 Photo Gallery: Hart Center Expansion and Renovation Progress Begins on the Top of Mount St. James
    02/09/16 Opportunities to Reflect in the Season of Lent
    02/09/16 Alumnus and Wife Named to 50 Most-Generous Philanthropist List for Record-Setting Gift to College
    See All
    See All

    Featured Videos

    See video
    Video: Winter on the Hill Is All About Making Memories

    Watch Video >
    See video
    Video, Photo Gallery: Holy Cross Wishes You a Merry and Peaceful Christmas

    Watch Video >
    See video
    Video: The Splendor of Autumn on Mount St. James

    Watch Video >
    More

    What’s Happening on Campus

    02/23/2016

    Roger Guenveur Smith Presents 'Rodney King' Odyssey

    See More >
    02/25/2016

    Lecture: Choosing Love: Bearing the Weight of the Other

    See More >
    02/25/2016

    Shark Tank Competition

    See More >
    03/15/2016

    Lecture: Dorothy Day: A Saint for Today

    See More >
    More

    Holy Cross in the News

    02/09/16

    Alumnus and Wife Named to 50 Most-Generous Philanthropist List for Record-Setting Gift to College

    Chronicle of Philanthropy

    When you read the Chronicle of Philanthropy’s “Philanthropy 50,” a special issue, which ranks the country’s 50 most-generous philanthropists of the year, you will...

    02/04/16

    ‘What I’m Reading: The Need and the Blessing of Prayer’

    The Chronicle of Higher Education

    In a piece for the Chronicle of Higher Education, Frank Vellaccio, senior vice president of the College of the Holy Cross, talks about his need for prayer as the College...

    02/02/16

    Holy Cross Ranks Among Princeton Review’s Top ‘Colleges That Pay You Back’

    The College of the Holy Cross is one of the nation’s best colleges for students seeking great academics, outstanding career preparation, and generous financial aid –...