Examining the Halo Effect in Lotto Games

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

No 513, Working Papers from College of the Holy Cross, Department of Economics

Abstract: The "Halo Effect" occurs when lotto ticket sales are unexpectedly high following a large jackpot. An examination of the Powerball lottery finds evidence that the halo effect exists and that it is the result of bettors exchanging prize winnings for new tickets.

Keywords: lotto; lottery; public finance; gambling (search for similar items in EconPapers)
JEL-codes: D81 H71 L83 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2005-08
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in Applied Economics Letters, Vol. 14:4, March 2007, pp. 307-310.

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https://hcapps.holycross.edu/hcs/RePEc/hcx/HC0513-Matheson-Grote_HaloEffect.pdf Initial version, August 2005 (application/pdf)

Related works:
Journal Article: Examining the 'Halo Effect' in lotto games (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:hcx:wpaper:0513

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