Blalock, Garrick; Just, David R.; Simon, Daniel H. - In: American Journal of Economics and Sociology 66 (2007) 3, pp. 545-570
State-sponsored lotteries are a lucrative source of revenue. Despite their low payout rates, lotteries are extremely popular, particularly among low-income citizens. State officials laud the benefits of lottery proceeds and promote the fun and excitement of participation. This entertainment...