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A Global Lottery and a Global Premium Bond

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  • Tony Addison
  • Abdur Chowdhury

Abstract

The world lottery market now amounts to at least US$126 billion in sales. World market sales for all gaming products (public, charitable and commercial) total some US$1 trillion, of which Internet gambling accounts for US$32 billion. This paper assesses the prospects for harnessing this large and growing market for the purposes of development finance by means of a global lottery and a global premium bond (with the successful UK scheme providing a model for the latter).

Suggested Citation

  • Tony Addison & Abdur Chowdhury, 2003. "A Global Lottery and a Global Premium Bond," WIDER Working Paper Series DP2003-80, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:dp2003-80
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    File URL: https://www.wider.unu.edu/sites/default/files/dp2003-080.pdf
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    References listed on IDEAS

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    1. 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.
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    3. Kearney, Melissa Schettini, 2005. "State lotteries and consumer behavior," Journal of Public Economics, Elsevier, vol. 89(11-12), pages 2269-2299, December.
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    5. Stephen Creigh-Tyte & Lisa Farrell, 2003. "Is the UK National Lottery experiencing lottery fatigue?," Open Access publications 10197/535, School of Economics, University College Dublin.
    6. Lisa Farrell & Ian Walker, 1996. "It Could Be You! But What?s It Worth? The Welfare Gain From Lotto," Keele Department of Economics Discussion Papers (1995-2001) 96/19, Department of Economics, Keele University.
    7. Charles T. Clotfelter & Philip J. Cook, 1989. "Selling Hope: State Lotteries in America," NBER Books, National Bureau of Economic Research, Inc, number clot89-1, March.
    8. Roger Clarke & Gillian Dempsey, 2001. "The feasibility of regulating gambling on the Internet," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 22(1-3), pages 125-132.
    9. John Morgan, 2000. "Financing Public Goods by Means of Lotteries," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 67(4), pages 761-784.
    10. Rayner, A C, 1970. "Premium Bonds-A Postscript," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 32(2), pages 167-169, May.
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    Cited by:

    1. Tony Addison & George Mavrotas & Mark McGillivray, 2005. "Development assistance and development finance: evidence and global policy agendas," Journal of International Development, John Wiley & Sons, Ltd., vol. 17(6), pages 819-836.
    2. John Micklewright & Anna Wright, 2003. "Private Donations for International Development," WIDER Working Paper Series DP2003-82, World Institute for Development Economic Research (UNU-WIDER).
    3. Anthony Clunies-Ross & John Langmore, 2006. "Political Economy of Additional Development Finance," WIDER Working Paper Series DP2006-09, World Institute for Development Economic Research (UNU-WIDER).
    4. Robin Boadway, 2003. "National Taxation, Fiscal Federalism and Global Taxation," WIDER Working Paper Series DP2003-87, World Institute for Development Economic Research (UNU-WIDER).
    5. Tony Addison & George Mavrotas & Mark McGillivray, 2005. "Aid, Debt Relief and New Sources of Finance for Meeting the Millennium Development Goals," WIDER Working Paper Series RP2005-09, World Institute for Development Economic Research (UNU-WIDER).
    6. Anthony Barnes Atkinson, 2003. "Innovative Sources for Development Finance: Over-Arching Issues," WIDER Working Paper Series DP2003-88, World Institute for Development Economic Research (UNU-WIDER).

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