Gamblers' Love for Variety and Substitution among Lotto Games

Victor Matheson () and Kent Grote
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Kent Grote: Lake Forest College

Journal of Gambling Business and Economics, 2007, vol. 1, issue 2, pages 85-99

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: L83 D81 H71 (search for similar items in EconPapers)
Date: 2007
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Working Paper: Gamblers’ Love for Variety and Substitution among Lotto Games (2006)
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