June 1, 2019
1,406,045
12,228
1,505
0.98%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
See what was published immediately before and after this episode.
7:22
14:19Now PlayingWhile Mega Millions and Powerball jackpots have grown in recent years, America's lottery system goes back a long time. Lotteries in colonial times helped finance some of America's roads, bridges, and schools like Harvard and Yale. Today, state-sponsored lotteries contribute millions state budgets, but some critics question how effective they actually are.
In October, an anonymous woman in South Carolina won the $1.6 billion Mega Millions jackpot. Jackpots have been on the rise since the two major lottery organizations, Mega Millions and Powerball, struck a deal to cross-sell tickets in each others' member states in 2010.
» Subscribe to CNBC
» Subscribe to CNBC TV
» Subscribe to CNBC Classic
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news
Follow CNBC on LinkedIn
Follow CNBC News on Facebook
Follow CNBC News on Twitter
Follow CNBC News on Instagram
#CNBC
#MegaMillions
#Powerball
How Mega Millions And Powerball Jackpots Grew So Large
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.