This file is part of IDEAS, which uses RePEc data


[ Papers | Articles | Software | Books | Chapters | Authors | Institutions | JEL Classification | NEP reports | Search | New papers by email | Author registration | Rankings | Volunteers | FAQ | Blog | Help! ]

Why Do People Buy Lottery Products?

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
Horácio Faustino
Maria João Kaiseler
Rafael Marques
Abstract

This paper examines the lottery sales of 99 countries by type of product in order to analyze the socioeconomic and demographic features that help to explain gambling consumption around the world. With a panel data analysis covering 13 years, this study explains the variation of a country’s per-capita lottery sales in general and by type of game: lotto, numbers, keno, toto, draw and instant. This paper found that the richer countries spend more than the poorer countries and the income elasticity of the demand for lottery products is greater than one. So, we may assert that there is an implicit progressivity tax in games when we consider countries rather than households. Several studies have also revealed an inverse relationship between education and the consumption of lottery products. This paper confirms this hypothesis for lotteries in general, but not for the specific lottery products.

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://pascal.iseg.utl.pt/~depeco/wp/wp012009.pdf
File Format: application/pdf
File Function:
Download Restriction: no

Publisher Info
Paper provided by Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon. in its series Working Papers with number 2009/01.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length:
Date of creation: Jan 2009
Date of revision:
Handle: RePEc:ise:isegwp:wp12009

Contact details of provider:
Postal: Department of Economics, School of Economics and Management (ISEG), Technical University of Lisbon, Rua do Quelhas 6, 1200-781 LISBON, PORTUGAL
Web page: http://www.iseg.utl.pt/departamentos/economia/

For technical questions regarding this item, or to correct its listing, contact: (Vitor Escaria).

Related research
Keywords: Gambling; Lotteries; Religiosity; Education; Culture; Age; Panel Data.;

This paper has been announced in the following NEP Reports:

References listed on IDEAS
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.:
  1. Kitchen, Harry & Powells, Scott, 1991. "Lottery Expenditures in Canada: A Regional Analysis of Determinants and Incidence," Applied Economics, Taylor and Francis Journals, vol. 23(12), pages 1845-52, December.
  2. Charles T. Clotfelter & Philip J. Cook, 1989. "The Demand for Lottery Products," NBER Working Papers 2928, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  3. Garrett, Thomas A. & Sobel, Russell S., 1999. "Gamblers favor skewness, not risk: Further evidence from United States' lottery games," Economics Letters, Elsevier, vol. 63(1), pages 85-90, April. [Downloadable!] (restricted)
  4. Clotfelter, Charles T & Cook, Philip J, 1990. "On the Economics of State Lotteries," Journal of Economic Perspectives, American Economic Association, vol. 4(4), pages 105-19, Fall. [Downloadable!] (restricted)
  5. Charles T. Clotfelter & Philip J. Cook, 1988. "Implicit Taxation in Lottery Finance," NBER Working Papers 2246, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
Full references

Statistics
Access and download statistics

Did you know? To receive notification of recent additions to the database, subscribe to the free NEP reports.

This page was last updated on 2009-12-16.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.