Victor Matheson: Does the Lottery support the Economy?

(2:11:08)  Dr. Victor Matheson is a Professor of Economics at “College of the Holy Cross” in Worcester, Massachusetts. Dr. Matheson studies a range of issues including lotteries and gaming. Las Vegas has a huge claim to fame because of gambling. Annually, Americans pay $65.5 Billion in Lottery tickets. That itch to “risk it all” is hard to resist.  The largest sum ever won was in 2012, for a pot of $656 Million! But did you know that the Lottery actually has a close-knit relationship with the economy? Here to tell us more is Professor Victor Matheson, an Economics Professor from College of the Holy Cross.