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Football Pool Sales: How Important Is a Football Club in the Top Division?

Author

Listed:
  • Jaume García

    (Universitat Pompeu Fabra)

  • Leví Pérez

    () (Universidad de Oviedo)

  • Plácido Rodríguez

    (Universidad de Oviedo)

Abstract

Having a top professional sport team in a geographical area has many potential economic impacts. In this paper we analyze the effect of having a professional football team in the Spanish First or Second Division in a certain province on the amount of sales of football pools in Spain (La Quiniela). To carry out the empirical exercise we estimate a demand equation using a panel data set at the provincial level for the years 1985-2005, merging the traditional economic models in the lotto demand literature: the effective price model and the jackpot model. Our results show that having a club in the top divisions has a significant effect on sales of La Quiniela. Moreover, previous results using fixture (round) data are confirmed in this paper. We also provide evidence showing La Quiniela bets to be a normal good and, as an implicit tax, regressive.

Suggested Citation

  • Jaume García & Leví Pérez & Plácido Rodríguez, 2008. "Football Pool Sales: How Important Is a Football Club in the Top Division?," International Journal of Sport Finance, Fitness Information Technology, vol. 3(3), pages 167-176, August.
  • Handle: RePEc:jsf:intjsf:v:3:y:2008:i:3:p:167-176
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    Cited by:

    1. Mao, Luke Lunhua & Zhang, James J. & Connaughton, Daniel P., 2015. "Sports gambling as consumption: Evidence from demand for sports lottery," Sport Management Review, Elsevier, vol. 18(3), pages 436-447.
    2. Humphreys, Brad R. & Soebbing, Brian, 2012. "Sports betting, sports bettors and sports gambling policy," Edition HWWI: Chapters,in: Sport und Sportgroßveranstaltungen in Europa - zwischen Zentralstaat und Regionen, pages 15-37 Hamburg Institute of International Economics (HWWI).
    3. García, Jaume & Pérez, Levi & Rodríguez, Plácido, 2016. "Forecasting football match results: Are the many smarter than the few?," MPRA Paper 69687, University Library of Munich, Germany.
    4. Humphreys, Brad R. & Perez, Levi, 2012. "Who Bets on Sports? Characteristics of Sports Bettors and the Consequences of Expanding Sports Betting Opportunities/¿Quién apuesta? Características de los apostantes deportivos y consecuencias de la ," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 30, pages 579-598, Agosto.

    More about this item

    Keywords

    football pools; lotto; effective price; jackpot;

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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