Betting on the Lottery

Guest Host:

Tom Gjelten
Betting on the Lottery

Americans spent $1.5 billion in the frenzy over last week’s Mega Millions lottery. When the dust cleared there were three winning tickets. Forty-three states, the District of Columbia and the US Virgin Islands participate in the...

Americans spent $1.5 billion in the frenzy over last week’s Mega Millions lottery. When the dust cleared there were three winning tickets. Forty-three states, the District of Columbia and the US Virgin Islands participate in the lottery as well as other forms of legalized gambling. With ever tightening budgets, this revenue stream seems to be recession proof. The director of Maryland’s lottery and a past lottery winner talk about their experiences good and bad. Guest host Tom Gelten and the panel discuss what the long-shot games of chance mean for ticket buyers and state budgets.

Guests

Stephen Martino

Maryland Lottery Director

Sandra Hayes

won the Powerball lottery in 2006, author of "How Winning the Lottery Changed My Life."

Philip Joyce

professor of Management, Finance and Leadership at the University of Maryland School of Public Policy

Robert Ward

deputy director of the Rockefeller Institute of Government, heads the Institute's State and Local Government Finance research.

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