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The Economics of Scale and Scope in the Lottery Industry

In: Gaming in the New Market Environment

Author

Listed:
  • Matti Viren

Abstract

This paper deals with the market structure of the lottery industry. In explicit terms, our intention is to find out whether there are important economies of scale and scope in this industry. The reason why we want to examine this is the question of what will happen in the future when the gambling markets will most likely become more competitive. Increased competition may represent just a continuation of the recent trends of crossborder gaming and de-facto competition on the national markets, but it is also possible that the legal framework, which has set rather tight limits to both domestic and crossborder competition, will change. Right now, both the US and European lottery markets are characterised by the prevalence of state monopolies. In some countries all gambling activities — not only lotteries — belong to a state monopoly, which means that market entry is prohibited by law, whereas in other countries (e.g., the UK), bookmaking and casinos are part of private market economy. In practice, state monopolies do not have complete monopoly power in their jurisdictions. There are many reasons for this, but one of them that deserves to be cited in particular is the internet.

Suggested Citation

  • Matti Viren, 2008. "The Economics of Scale and Scope in the Lottery Industry," Palgrave Macmillan Books, in: Matti Viren (ed.), Gaming in the New Market Environment, chapter 7, pages 160-183, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-58261-3_7
    DOI: 10.1057/9780230582613_7
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