Gamblers’ Love for Variety and Substitution among Lotto Games

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Published: Jan 2, 2013
DOI: https://doi.org/10.5750/jgbe.v1i2.511
Keywords:
lotto lottery public finance gambling

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Victor A Matheson
COLLEGE OF THE HOLY CROSS, DEPARTMENT OF ECONOMICS
Kent Grote
Department of Economics and Business, Lake Forest College

Abstract

This paper considers the whether offering multiple lotto games within a state by joining a multi-state lottery increases total ticket sales compared to offering a single state game. The question is considered from two different perspectives, which both lead to the conclusion that states do tend to benefit from increased ticket sales overall by joining a multi-state lottery association. There is, however, a noted difference in the magnitude of that effect depending on the size of the average jackpots of the previously existing state games.

Article Details

Issue
Vol. 1 No. 2 (2007)
Section
Articles

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