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Spreading the Fortune: The Distribution of Lottery Prizes across Countries

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Author Info
Victor Matheson () (Department of Economics, College of the Holy Cross)
Kent Grote () (Department of Economics and Business, Lake Forest College)

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Abstract

It has been 15 years since Cook and Clotfelter described the scale economies associated with state-run lotto games in an American Economic Review article entitled “The Peculiar Scale Economies of Lotto.” U.S. states with larger populations are identified as having the ability to offer games with larger jackpots to attract higher sales per capita. The current paper extends this analysis to all current U.S. state and multi-state lotto-style lottery games as well as to a sample of international lotto games for comparative purposes. The development of the two major U.S. multi-state games over time is also examined to illustrate that changes in the structure of those games can be explained by an application of the scale economies concept offered by Cook and Clotfelter.

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File URL: http://www.holycross.edu/departments/economics/RePEc/Matheson_SpreadingFortune.pdf
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Publisher Info
Paper provided by College of the Holy Cross, Department of Economics in its series Working Papers with number 0904.

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Length: 32 pages
Date of creation: Mar 2009
Date of revision:
Handle: RePEc:hcx:wpaper:0904

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Web page: http://www.holycross.edu/departments/economics/website/
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Related research
Keywords: lotto; lottery; public finance; gambling;

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Find related papers by JEL classification:
D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Recreation; Tourism

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References listed on IDEAS
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  1. Cook, Philip J & Clotfelter, Charles T, 1993. "The Peculiar Scale Economies of Lotto," American Economic Review, American Economic Association, vol. 83(3), pages 634-43, June. [Downloadable!] (restricted)
    Other versions:
  2. Victor Matheson & Kent Grote, 2007. "Gamblers' Love for Variety and Substitution among Lotto Games," Journal of Gambling Business and Economics, University of Buckingham Press, vol. 1(2), pages 85-99, June. [Downloadable!]
    Other versions:
  3. Garrett, Thomas A. & Sobel, Russell S., 1999. "Gamblers favor skewness, not risk: Further evidence from United States' lottery games," Economics Letters, Elsevier, vol. 63(1), pages 85-90, April. [Downloadable!] (restricted)
  4. Quiggin, John, 1991. "On the Optimal Design of Lotteries," Economica, London School of Economics and Political Science, vol. 58(229), pages 1-16, February. [Downloadable!] (restricted)
  5. Thomas A. Garrett, 2001. "An International Comparison and Analysis of Lotteries and the Distribution of Lottery Expenditures," International Review of Applied Economics, Taylor and Francis Journals, vol. 15(2), pages 213-227, April. [Downloadable!] (restricted)
  6. Kearney, Melissa Schettini, 2005. "State lotteries and consumer behavior," Journal of Public Economics, Elsevier, vol. 89(11-12), pages 2269-2299, December. [Downloadable!] (restricted)
    Other versions:
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This page was last updated on 2009-11-7.

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