Estimating net lottery revenues for states
Based on 1980–95 data, this paper estimates and forecasts net lottery revenues for states with and without lotteries. This study indicates that a multi-state estimation is improved when a time-series and cross-section technique is used. Forecasting results are also improved when unequal time series in the data and less-than-full first years of operating lottery are controlled. For states without lotteries, the time-series and cross-section estimation indicates that only two of 14 states without a lottery would have generated net lottery revenue of more than $100 million. The number increases to five of 14 in the cross-section estimation. Copyright International Atlantic Economic Society 1999
Volume (Year): 27 (1999)
Issue (Month): 2 (June)
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- John F. Scoggins, 1994. "Upping the Ante for Lotto: a Strategy for Enhancing State Revenues," Public Finance Review, SAGE Publishing, vol. 22(2), pages 258-264, April.
- Gulley, O. David & Scott, Frank A. Jr., 1989. "Lottery Effects on Pari-Mutuel Tax Revenues," National Tax Journal, National Tax Association, vol. 42(1), pages 89-93, March.
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