The optimal structure of lotto games

Orrin David Gulley

Economics and Business Letters, 2018, vol. 7, issue 4, 156-161

Abstract: Operators of state-owned lottery games generally attempt to set the parameters of the game(s) to maximize revenue to the state. This paper discusses the state of the literature on how to set the parameters of a lotto game so as to accomplish this objective.

Date: 2018
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