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Gambling Demand: A Meta-Analysis Of The Price Elasticity

Author

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  • Craig Arthur Gallet

Abstract

Many studies have examined the demand for gambling, providing roughly 200 estimates of the price elasticity associated with horse racing, casino gaming, and the lottery. Treating these price elasticities as observations of the dependent variable in a meta-regression model, several features of the literature are found to influence the price responsiveness of gambling. For instance, the price elasticity of casino gambling is lowest in absolute value, while the price elasticities of horse racing and the lottery are of similar value. Also, not only are there regional differences in the price elasticity of gambling, but other model features, such as the functional form of gambling demand, are found to influence the price elasticities.

Suggested Citation

  • Craig Arthur Gallet, 2015. "Gambling Demand: A Meta-Analysis Of The Price Elasticity," Journal of Gambling Business and Economics, University of Buckingham Press, vol. 9(1), pages 13-22.
    • Handle: RePEc:buc:jgbeco:v:9:y:2015:i:1:p:13-22
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    Cited by:

    1. Craig A. Depken & John M. Gandar, 2021. "Integrity Fees in Sports Betting Markets," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 47(1), pages 76-90, January.
    2. Sophie Massin & Maxence Miéra, 2020. "Measuring consumer surplus in the case of addiction: A re-examination of the rational benchmark algebra," Economics Bulletin, AccessEcon, vol. 40(4), pages 3171-3181.
    3. Maxence Miéra & Sophie Massin & Vincent Eroukmanoff, 2023. "The social value of gambling: surplus estimates by gambling types for France," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 24(9), pages 1531-1543, December.

    More about this item

    Keywords

    Demand for gambling; Price elasticity; Meta-analysis;
    All these keywords.

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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