IDEAS home Printed from
   My bibliography  Save this article

Is the Wheel of Fortune Sufficient to Help the Economy? The Case of Italian Gambling Industry


  • Giovanna Morelli


The Italian gambling industry expanded rapidly in the last decade, facing an unexpected boom in terms of numbers and volume of funds raised. It spreads from old betting experiences established in famous venues (i.e. Venice casino) and soccer games «schedina» to a new and wide variety of online offers of games of chance. Sometime they are unlawful and move from isolated group of people interested mainly in sports betting to new profile of «consumers» (teenagers, housewives, retired people or simply «new» indigent). The paper examines economic characteristics of the industry, including the evolution of major markets, pricing of gaming products, market structures, regulatory constraints, and social and economic impacts attributable to it. When competitive, gambling and lotteries show strong economies of scale and scope, but the 2006 new legislation (the so called Bersani Decree) changed the rules, thus creating substantial financial rents. Allocation of these rents is of great relevance for the public finance due the economic crisis of recent years.

Suggested Citation

  • Giovanna Morelli, 2010. "Is the Wheel of Fortune Sufficient to Help the Economy? The Case of Italian Gambling Industry," Economia dei Servizi, Società editrice il Mulino, issue 2, pages 191-202.
  • Handle: RePEc:mul:j1t56u:doi:10.2382/33612:y:2010:i:2:p:191-202

    Download full text from publisher

    File URL:
    Download Restriction: Access to full text is restricted to subscribers

    File URL:
    Download Restriction: no

    As the access to this document is restricted, you may want to search for a different version of it.


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mul:j1t56u:doi:10.2382/33612:y:2010:i:2:p:191-202. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.