In February, 2005 the Spanish National Lottery Agency (LAE) made several modifications to the design of one of its lotto games. The entry fee was not changed but the familiar 6/49 format was replaced by 5/54 + 1/10. This considerably lengthened the odds against winning a share of the grand...

Anecdotal evidence indicates that many people pool funds to purchase lottery tickets. We investigate the characteristics of such syndicated lottery play in Spain. The results indicate that the method of play, and the characteristics of syndicate members, exhibits significant heterogeneity across...

Currently, several proposed changes in sports betting laws are being debated in the United States and the European Union. This article examines the characteristics of sports bettors in three countries, Canada, Spain, and the United Kingdom, to determine who bets on sports in environments where...

Many small town professional clubs operate on the border of viability and threats to their survival are often real. But their activities may generate benefits that they are unable to capture in ticket sales; for example they provide a focus of interest even for some residents who do not attend...