A Global Lottery and a Global Premium Bond

Tony Addison and Abdur Chowdhury ()

No DP2003-80, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: The world lottery market now amounts to at least US$126 billion in sales. World market sales for all gaming products (public, charitable and commercial) total some US$1 trillion, of which Internet gambling accounts for US$32 billion. This paper assesses the prospects for harnessing this large and growing market for the purposes of development finance by means of a global lottery and a global premium bond (with the successful UK scheme providing a model for the latter).

Keywords: Economic assistance and foreign aid; Economic development; Millennium Development Goals; Saving and investment (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (8)

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