Spreading the Fortune: The Distribution of Lottery Prizes across Countries
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.
|Date of creation:||Mar 2009|
|Date of revision:|
|Contact details of provider:|| Phone: (508)793-3362|
Fax: (508) 793-3708
Web page: http://www.holycross.edu/departments/economics/website/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Quiggin, John, 1991. "On the Optimal Design of Lotteries," Economica, London School of Economics and Political Science, vol. 58(229), pages 1-16, February.
- Victor Matheson & Kent Grote, 2006.
"Gamblers’ Love for Variety and Substitution among Lotto Games,"
0609, College of the Holy Cross, Department of Economics.
- Victor Matheson & Kent Grote, 2007. "Gamblers' Love for Variety and Substitution among Lotto Games," Journal of Gambling Business and Economics, University of Buckingham Press, vol. 1(2), pages 85-99, June.
- Thomas A. Garrett & Russell S. Sobel, 2002.
"State lottery revenue: the importance of game characteristics,"
2002-011, Federal Reserve Bank of St. Louis.
- 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.
- Kearney, Melissa Schettini, 2005.
"State lotteries and consumer behavior,"
Journal of Public Economics,
Elsevier, vol. 89(11-12), pages 2269-2299, December.
- 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.
- 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.
- 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.
- 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.
- 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.
When requesting a correction, please mention this item's handle: RePEc:hcx:wpaper:0904. 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: (Victor Matheson)
If references are entirely missing, you can add them using this form.