Income elasticity of demand for horse wagering — Large-scale evidence from online betting accounts

David Forrest, Tuomo Kainulainen, Jani Saastamoinen and Niko Suhonen

Economics Letters, 2022, vol. 213, issue C

Abstract: The paper investigates income elasticity of demand for online horserace betting, using individual account data and administrative data from Finland. Overall income elasticity is positive but low. However, elasticity varies substantially across the income distribution from near-zero at the bottom to unity among higher income groups. Increased betting expenditure as income increases is associated with greater intensity rather than with greater frequency of betting.

Keywords: Betting; Horseracing; Income elasticity; Spline regression (search for similar items in EconPapers)
JEL-codes: D12 L83 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:213:y:2022:i:c:s0165176522000477

DOI: 10.1016/j.econlet.2022.110356

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