Economic shocks and lottery sales: an examination of Maine State lottery sales

Gnel Gabrielyan and David Just

Applied Economics, 2020, vol. 52, issue 32, 3498-3511

Abstract: Most U.S. states earn significant amount of revenues from lottery sales. However, they are also criticized for promoting the lotteries because they have been seen as taking advantage of poor populations. The purpose of this study is to identify the impact of various economic factors on lottery sales by using zip-code level sales within the state of Maine. The results show that an increase of 1% in unemployment rate results in a 0.38% increase in draw lottery sales, but it has no significant impact on instant lottery sales. This highlights the importance of differentiating between two major types of lotteries.

Date: 2020
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DOI: 10.1080/00036846.2020.1713294

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