Gamblers’ Love for Variety and Substitution among Lotto Games

Victor Matheson and Kent Grote ()
Additional contact information
Kent Grote: Department of Economics and Business, Lake Forest College

No 609, Working Papers from College of the Holy Cross, Department of Economics

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.

Keywords: lotto; lottery; public finance; gambling (search for similar items in EconPapers)
JEL-codes: D81 H71 L83 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2006-09
New Economics Papers: this item is included in nep-spo and nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in Journal of Gambling Business and Economics, Vol. 1:2, June 2007, 85-99.

Downloads: (external link)
https://hcapps.holycross.edu/hcs/RePEc/hcx/HC0609-Matheson-Grote_Variety.pdf (application/pdf)

Related works:
Journal Article: Gamblers' Love for Variety and Substitution among Lotto Games (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:hcx:wpaper:0609

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