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Evaluating the Life Cycles of Education-Supporting Lotteries

Author

Listed:
  • Paul M. Mason

    (University of North Florida)

  • Jeffrey W. Steagall

    (University of North Florida)

  • Stephen L. Shapiro

    (University of North Florida)

  • Michael M. Fabritius

    (University of Mary Hardin-Baylor)

Abstract

This article examines the history of total lottery sales for eleven education-supporting lottery states. Controlling for the influence of multistate games, state income differentials, and unemployment, unbalanced fixed-effects models investigating four measures of lottery sales indicate that nominal lottery sales continue to climb, but sales adjusted for inflation are either falling or soon will. Per capita sales across all states have not grown much beyond the first several years in the lottery life cycles, but per student sales are still rising due to declining school-age populations and purchases of lottery tickets made by other than state residents. Forecasts for real per capita lottery sales are provided for each of the states in the sample through 2030.

Suggested Citation

  • Paul M. Mason & Jeffrey W. Steagall & Stephen L. Shapiro & Michael M. Fabritius, 2005. "Evaluating the Life Cycles of Education-Supporting Lotteries," Public Finance Review, , vol. 33(2), pages 255-271, March.
    • Handle: RePEc:sae:pubfin:v:33:y:2005:i:2:p:255-271
    DOI: 10.1177/1091142104273195
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    References listed on IDEAS

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    1. Richard A. McGowan, 2001. "Government and the Transformation of the Gaming Industry," Books, Edward Elgar Publishing, number 2014.
    2. Mikesell, John L., 1994. "State Lottery Sales and Economic Activity," National Tax Journal, National Tax Association;National Tax Journal, vol. 47(1), pages 165-171, March.
    3. Donald Siegel & Gary Anders, 2001. "The Impact of Indian Casinos on State Lotteries: A Case Study of Arizona," Public Finance Review, , vol. 29(2), pages 139-147, March.
    4. Tosun, Mehmet Serkan & Skidmore, Mark, 2004. "Interstate Competition and State Lottery Revenues," National Tax Journal, National Tax Association;National Tax Journal, vol. 57(2), pages 163-178, June.
    5. Mark Edward Stover, 1990. "Contiguous state lotteries: Substitutes or complements?," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 9(4), pages 565-568.
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    Cited by:

    1. Kent Grote & Victor Matheson, 2011. "The Economics of Lotteries: An Annotated Bibliography," Working Papers 1110, College of the Holy Cross, Department of Economics.

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