Gamblers’ Love for Variety and Substitution among Lotto Games

Victor Matheson () and Kent Grote ()
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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)
New Economics Papers: this item is included in nep-spo and nep-upt
Date: 2006-09
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http://www.holycross.edu/departments/economics/RePEc/Matheson_Variety.pdf (application/pdf)

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