Similar Search Results

The Economics of Lotteries: A Survey of the Literature

Matheson, Victor; Grote, Kent - Department of Economics and Accounting, College of the … - 2011

, cross-price elasticities of lottery ticket to each other and to other gambling products, consumer rationality and gambling …

Persistent link: https://www.econbiz.de/10009279920

The Economics of Lotteries: An Annotated Bibliography

Matheson, Victor; Grote, Kent - Department of Economics and Accounting, College of the … - 2011

This paper presents an annotated bibliography of all papers relating to the economics of lotteries as of early to mid 2011. All published scholarly papers that could be identified by the authors are included along with the published abstract where available.

Persistent link: https://www.econbiz.de/10009279923

Should Gambling Markets be Privatized? An Examination of State Lotteries in the United States

Matheson, Victor; Grote, Kent - Department of Economics and Accounting, College of the … - 2013

growth in the gambling industry in the United States with particular attention paid to sports gambling. …

Persistent link: https://www.econbiz.de/10010661505

The Impact of State Lotteries and Casinos on State Bankruptcy Filings

Matheson, Victor; Grote, Kent - Department of Economics and Accounting, College of the … - 2013

Over the past half century, there has been an increasing prevalence of legalized gambling in the US. At the same time … products tends to be regressive in nature. In addition, gambling addiction is a widely acknowledged social problem. This raises …

Persistent link: https://www.econbiz.de/10010616801

Examining the Halo Effect in Lotto Games

Matheson, Victor; Grote, Kent - Department of Economics and Accounting, College of the … - 2005

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.

Persistent link: https://www.econbiz.de/10005526876

Gamblers’ Love for Variety and Substitution among Lotto Games

Matheson, Victor; Grote, Kent - Department of Economics and Accounting, College of the … - 2006

This paper considers the whether offering multiple lotto games within a state by joining a multi-state lottery increases total ticket sales compared to offering a single state game. The question is considered from two different perspectives, which both lead to the conclusion that states do tend...

Persistent link: https://www.econbiz.de/10005004169

U.S. Lotto Markets

Matheson, Victor; Grote, Kent - Department of Economics and Accounting, College of the … - 2008

and gambling in an often controversial mix. Proponents of lotteries point to the popularity of such games and justify …

Persistent link: https://www.econbiz.de/10005004174

Booms, Busts, and Gambling: Can Gaming Revenues Reduce Budget Volatility?

Humphreys, Brad; Matheson, Victor - Department of Economics and Accounting, College of the … - 2010

Over the past 20 years, state and provincial governments in North America have expanded legal gambling opportunities to … consumers. One of the primary policy goals of this expansion of gambling opportunities has been to increase government revenues …. Gambling is an attractive source of new government revenues because consumers are relatively insensitive to the implicit “tax …

Persistent link: https://www.econbiz.de/10008560002

Dueling Jackpots: Are Competing Lotto Games Complements or Substitutes?

Matheson, Victor; Grote, Kent - Department of Economics and Accounting, College of the … - 2004

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...

Persistent link: https://www.econbiz.de/10005545415

In Search of a Fair Bet in the Lottery

Matheson, Victor; Grote, Kent - Department of Economics and Accounting, College of the … - 2004

Although state-operated lotto games have the worst average expected payoffs among common games of chance, because the jackpot can accumulate, the maximum expected payoff is potentially unlimited. It is possible, therefore, that lotto can exhibit a positive expected return. This paper examines...

Persistent link: https://www.econbiz.de/10005545434