Estimating net lottery revenues for states

Terry Ashley, Yi Liu and Semoon Chang

Atlantic Economic Journal, 1999, vol. 27, issue 2, 170-178

Abstract: Based on 1980–95 data, this paper estimates and forecasts net lottery revenues for states with and without lotteries. This study indicates that a multi-state estimation is improved when a time-series and cross-section technique is used. Forecasting results are also improved when unequal time series in the data and less-than-full first years of operating lottery are controlled. For states without lotteries, the time-series and cross-section estimation indicates that only two of 14 states without a lottery would have generated net lottery revenue of more than $100 million. The number increases to five of 14 in the cross-section estimation. Copyright International Atlantic Economic Society 1999

Date: 1999
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DOI: 10.1007/BF02300236

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