The Lotto and Expected Net Revenue

John F. Scoggins

National Tax Journal, 1995, vol. 48, issue 1, 61-70

Abstract: A multiperiod model (based on sales from the Florida Lotto) is used to estimate revenue and probability that the grand prize will roll over. Results indicate that allocating a greater percentage of ticket sales to the grand prize increases net revenue.

Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:ntj:journl:v:48:y:1995:i:1:p:61-70

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