Should gambling markets be privatized? An examination of state lotteries in the United States

Kent R. Grote and Victor Matheson

Chapter 2 in The Economics of Sports Betting, 2017, pp 21-37 from Edward Elgar Publishing

Abstract: In North America and Europe, many sports betting operations are state-owned and could be argued to suffer from inefficiency and failure to innovate. Privatization of state betting operations could raise efficiency and lead to more product innovation. In this chapter the authors use the case of the Illinois State Lottery to analyse whether privatization could lead to increased lottery revenues and hence greater transfers to public projects. The privatization case they consider did not yield extra revenues and the authors examine why this might be so.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2017
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Related works:
Working Paper: Should Gambling Markets be Privatized? An Examination of State Lotteries in the United States (2013)
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