Development of lottery business and economic justification of its monopolisation by the state

Ermeka Lailieva

E-Forum Working Papers, 2023, vol. 14, issue 1, 40-49

Abstract: The research relevance is determined by the fact that, despite the emergence of more modern gambling, millions of people around the world participate in lotteries every year, and this number is steadily growing. The study aims to assess the prospects for the development of the lottery business in the context of the state monopoly on this industry, as well as to consider possible risks for the economy. The structural-functional method was used as a basis for studying the place of the lottery business in the economic system on the example of different countries; the historical method addressed the peculiarities of the origin of lotteries in the world. The study conducted a comprehensive study of the stages of formation of modern models of lottery activity in the leading countries of the world, such as the USA, Great Britain and China. The reasons for the emergence of lotteries, their advantages and disadvantages, as well as the role of government agencies in regulating this activity were investigated. In particular, the study analysed the models of a complete ban, a free market and a state monopoly, as well as the impact of lotteries on the economy and society. The study showed that the high level of profitability of the lottery business allows organisers to make stable contributions to the state budget and charitable organisations, solving social and humanitarian problems. The results of the study determined the optimal model of the lottery business, formulated the prospects for the development of this type of activity at the present stage, and assessed the role of the state authorities in this process. The study materials can be used by public authorities engaged in reforming the legislative framework in the field of gambling

Keywords: gambling business; gambling; legislation; budget; financing (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://e-forum.com.ua/web/uploads/pdf/EF_14_1_202 ... 2024_09-36-40-49.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cuc:eforum:v:14:y:2023:i:1:p:40-49

DOI: 10.62763/cb/1.2024.40

Access Statistics for this article

More articles in E-Forum Working Papers from Economic Forum
Bibliographic data for series maintained by Economic Forum ().