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Spreading the Fortune: The Distribution of Lottery Prizes across Countries

  • Victor Matheson

    ()

    (Department of Economics, College of the Holy Cross)

  • Kent Grote

    ()

    (Department of Economics and Business, Lake Forest College)

It has been 15 years since Cook and Clotfelter described the scale economies associated with state-run lotto games in an American Economic Review article entitled “The Peculiar Scale Economies of Lotto.” U.S. states with larger populations are identified as having the ability to offer games with larger jackpots to attract higher sales per capita. The current paper extends this analysis to all current U.S. state and multi-state lotto-style lottery games as well as to a sample of international lotto games for comparative purposes. The development of the two major U.S. multi-state games over time is also examined to illustrate that changes in the structure of those games can be explained by an application of the scale economies concept offered by Cook and Clotfelter.

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File URL: http://college.holycross.edu/RePEc/hcx/Matheson_SpreadingFortune.pdf
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Paper provided by College of the Holy Cross, Department of Economics in its series Working Papers with number 0904.

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Length: 32 pages
Date of creation: Mar 2009
Date of revision:
Handle: RePEc:hcx:wpaper:0904
Contact details of provider: Phone: (508)793-3362
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Web page: http://www.holycross.edu/departments/economics/website/

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  1. Victor Matheson & Kent Grote, 2006. "Gamblers’ Love for Variety and Substitution among Lotto Games," Working Papers 0609, College of the Holy Cross, Department of Economics.
  2. Matheson, Victor A. & Grote, Kent R., 2004. "Lotto fever: do lottery players act rationally around large jackpots?," Economics Letters, Elsevier, vol. 83(2), pages 233-237, May.
  3. Melissa Schettini Kearney, 2002. "State Lotteries and Consumer Behavior," NBER Working Papers 9330, National Bureau of Economic Research, Inc.
  4. Thomas A. Garrett & Russell S. Sobel, 2004. "State Lottery Revenue: The Importance of Game Characteristics," Public Finance Review, , vol. 32(3), pages 313-330, May.
  5. Thiel, Stuart E., 1991. "Policy, Participation and Revenue in Washington State Lotto," National Tax Journal, National Tax Association, vol. 44(2), pages 225-35, June.
  6. 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.
  7. Quiggin, John, 1991. "On the Optimal Design of Lotteries," Economica, London School of Economics and Political Science, vol. 58(229), pages 1-16, February.
  8. Thomas Garrett, 2001. "An International Comparison and Analysis of Lotteries and the Distribution of Lottery Expenditures," International Review of Applied Economics, Taylor & Francis Journals, vol. 15(2), pages 213-227.
  9. Cook, Philip J & Clotfelter, Charles T, 1993. "The Peculiar Scale Economies of Lotto," American Economic Review, American Economic Association, vol. 83(3), pages 634-43, June.
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