Examining the Halo Effect in Lotto Games

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

No 513, Working Papers from College of the Holy Cross, Department of Economics

Abstract: The "Halo Effect" occurs when lotto ticket sales are unexpectedly high following a large jackpot. An examination of the Powerball lottery finds evidence that the halo effect exists and that it is the result of bettors exchanging prize winnings for new tickets.

Keywords: lotto; lottery; public finance; gambling (search for similar items in EconPapers)
JEL-codes: D81 H71 L83 (search for similar items in EconPapers)
Date: Written 2005-08
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http://www.holycross.edu/departments/economics/RePEc/Matheson_HaloEffect.pdf Initial version, August 2005 (application/pdf)

Related works:
Journal Article: Examining the 'Halo Effect' in lotto games (2007)
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