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.
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- Philip J. Cook & Charles T. Clotfelter, 1991.
"The Peculiar Scale Economies of Lotto,"
NBER Working Papers
3766, National Bureau of Economic Research, Inc.
- 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.
- Thomas A. Garrett & Russell S. Sobel, 2002. "State lottery revenue: the importance of game characteristics," Working Papers 2002-011, Federal Reserve Bank of St. Louis.
- Melissa Schettini Kearney, 2002.
"State Lotteries and Consumer Behavior,"
NBER Working Papers
9330, National Bureau of Economic Research, Inc.
- 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.
- Quiggin, John, 1991. "On the Optimal Design of Lotteries," Economica, London School of Economics and Political Science, vol. 58(229), pages 1-16, February.
- 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 225-235, 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.
- repec:ntj:journl:v:44:y:1991:i:no._2:p:225-35 is not listed on IDEAS
- 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.
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