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Examining the Halo Effect in Lotto Games

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Author Info
Victor Matheson () (Department of Economics, College of the Holy Cross)
Kent Grote () (Department of Economics and Business, Lake Forest College)

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Abstract

The "Halo Effect" occurs when lotto ticket sales are unexpectedly high following a large jackpot. An examination of the Powerball lottery finds evidence that the halo effect exists and that it is the result of bettors exchanging prize winnings for new tickets.

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File URL: http://www.holycross.edu/departments/economics/RePEc/Matheson_HaloEffect.pdf
File Format: application/pdf
File Function: Initial version, August 2005
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Publisher Info
Paper provided by College of the Holy Cross, Department of Economics in its series Working Papers with number 0513.

Download reference. The following formats are available: HTML, plain text, BibTeX, RIS (EndNote), ReDIF
Length: 10 pages
Date of creation: Aug 2005
Date of revision:
Handle: RePEc:hcx:wpaper:0513

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Phone: (508)793-3362
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Web page: http://www.holycross.edu/departments/economics/website/
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Related research
Keywords: lotto lottery public finance gambling

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Find related papers by JEL classification:
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
L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Recreation; Tourism

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  1. Lisa Farrell & Edgar Morgenroth & Ian Walker, 1997. "A Time Series Analysis of UK Lottery Sales: the Long Run Price Elasticity," Keele Department of Economics Discussion Papers (1995-2001) 97/04, Department of Economics, Keele University.
  2. Scott, Frank A, Jr & Gulley, O David, 1995. "Testing for Efficiency in Lotto Markets," Economic Inquiry, Oxford University Press, vol. 33(2), pages 175-88, April.
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This page was last updated on 2008-4-24.

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