Gamblers' Love for Variety and Substitution among Lotto Games
AbstractThis paper considers the whether offering multiple lotto games within a state by joining a multi-state lottery increases total ticket sales compared to offering a single state game. The question is considered from two different perspectives, which both lead to the conclusion that states do tend to benefit from increased ticket sales overall by joining a multi-state lottery association. There is, however, a noted difference in the magnitude of that effect depending on the size of the average jackpots of the previously existing state games.
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Bibliographic InfoArticle provided by University of Buckingham Press in its journal Journal of Gambling Business and Economics.
Volume (Year): 1 (2007)
Issue (Month): 2 (June)
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Web page: http://www.ubpl.co.uk/
Other versions of this item:
- Victor Matheson & Kent Grote, 2006. "Gamblers’ Love for Variety and Substitution among Lotto Games," Working Papers 0609, College of the Holy Cross, Department of Economics.
- L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Robert Baade & Robert Baumann & Victor Matheson, 2006.
"Selling the Big Game: Estimating the Economic Impact of Mega-Events through Taxable Sales,"
0610, International Association of Sports Economists & North American Association of Sports Economists.
- Robert Baade & Robert Baumann & Victor Matheson, 2005. "Selling the Big Game: Estimating the Economic Impact of Mega-Events through Taxable Sales," Working Papers 0510, College of the Holy Cross, Department of Economics.
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- Robert Baade & Victor Matheson, 2005. "Have public finance principles been shut out in financing new sports facilities in the United States?," IASE Conference Papers 0527, International Association of Sports Economists.
- Robert A. Baade & Victor A. Matheson, 2001. "Home Run or Wild Pitch? Assessing the Economic Impact of Major League Baseball's All-Star Game," Journal of Sports Economics, , vol. 2(4), pages 307-327, November.
- Kent Grote & Victor Matheson, 2011. "The Economics of Lotteries: An Annotated Bibliography," Working Papers 1110, College of the Holy Cross, Department of Economics.
- Victor Matheson & Kent Grote, 2009. "Spreading the Fortune: The Distribution of Lottery Prizes across Countries," Working Papers 0904, College of the Holy Cross, Department of Economics.
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