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Football Pool Sales: How Important Is a Football Club in the Top Division?

Author

Listed:
  • Jaume García

    (Universitat Pompeu Fabra)

  • Leví Pérez

    (Universidad de Oviedo)

  • Plácido Rodríguez

    (Universidad de Oviedo)

Abstract

Having a top professional sport team in a geographical area has many potential economic impacts. In this paper we analyze the effect of having a professional football team in the Spanish First or Second Division in a certain province on the amount of sales of football pools in Spain (La Quiniela). To carry out the empirical exercise we estimate a demand equation using a panel data set at the provincial level for the years 1985-2005, merging the traditional economic models in the lotto demand literature: the effective price model and the jackpot model. Our results show that having a club in the top divisions has a significant effect on sales of La Quiniela. Moreover, previous results using fixture (round) data are confirmed in this paper. We also provide evidence showing La Quiniela bets to be a normal good and, as an implicit tax, regressive.

Suggested Citation

  • Jaume García & Leví Pérez & Plácido Rodríguez, 2008. "Football Pool Sales: How Important Is a Football Club in the Top Division?," International Journal of Sport Finance, Fitness Information Technology, vol. 3(3), pages 167-176, August.
    • Handle: RePEc:jsf:intjsf:v:3:y:2008:i:3:p:167-176
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    More about this item

    Keywords

    football pools; lotto; effective price; jackpot;
    All these keywords.

    JEL classification:

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

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