Dueling Jackpots: Are Competing Lotto Games Complements or Substitutes?

Victor Matheson and Kent Grote ()
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Kent Grote: Department of Economics and Business, Lake Forest College

No 406, Working Papers from College of the Holy Cross, Department of Economics

Abstract: This paper considers the relationship that exists between two lottery products offered simultaneously in the same state, a smaller lottery game run by the individual state and a larger multi-state game run in coordination with other states. The primary issue is whether the two different products should be considered substitutes or complements for one another. The question is considered from two different perspectives that lead to a conclusion that while the two products do tend to be complements to one another, overall the individually run state lottery games experience a reduction in sales from the presence of the multi-state game.

Keywords: lotto; lottery; public finance; gambling (search for similar items in EconPapers)
JEL-codes: D81 H71 L83 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2004-11
New Economics Papers: this item is included in nep-geo
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in Atlantic Economic Journal, Vol. 34:1, March 2006, pp. 85-100.

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https://hcapps.holycross.edu/hcs/RePEc/hcx/HC0406- ... _DuelingJackpots.pdf Updated version, May 2005 (application/pdf)

Related works:
Journal Article: Dueling Jackpots: Are Competing Lotto Games Complements or Substitutes? (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:hcx:wpaper:0406

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