State lottery revenue: the importance of game characteristics

Thomas Garrett and Russell Sobel

No 2002-011, Working Papers from Federal Reserve Bank of St. Louis

Abstract: Previous studies find state lottery sales are significantly influenced by socioeconomic characteristics of the population. We extend this literature by examining how the overall expected value, the top prize, and the total combinations influence sales after controlling for these other socioeconomic factors. We perform our empirical analysis on an unparalleled set of data that includes information for 135 on-line lottery games in the United States. Our results show that sales are significantly influenced the top prize amount and odds of winning it, but that sales are not significantly affected by the expected value of the remaining lower prizes.

Keywords: Gambling; industry (search for similar items in EconPapers)
Date: 2002
New Economics Papers: this item is included in nep-pub
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://research.stlouisfed.org/wp/more/2002-011 (application/pdf)
http://research.stlouisfed.org/wp/2002/2002-012.pdf

Related works:
Journal Article: State Lottery Revenue: The Importance of Game Characteristics (2004)
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:fip:fedlwp:2002-011

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Working Papers from Federal Reserve Bank of St. Louis Contact information at EDIRC.
Bibliographic data for series maintained by Scott St. Louis ().