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The optimal structure of lotto games

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  • Orrin David Gulley

Abstract

Operators of state-owned lottery games generally attempt to set the parameters of the game(s) to maximize revenue to the state. This paper discusses the state of the literature on how to set the parameters of a lotto game so as to accomplish this objective.

Suggested Citation

  • Orrin David Gulley, 2018. "The optimal structure of lotto games," Economics and Business Letters, Oviedo University Press, vol. 7(4), pages 156-161.
    • Handle: RePEc:ove:journl:aid:12914
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    File URL: https://reunido.uniovi.es/index.php/EBL/article/view/12914
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    Cited by:

    1. Levi Pérez & à lvaro Muñiz, 2021. "The income elasticity of lottery revisited: a worldwide perspective," Economics and Business Letters, Oviedo University Press, vol. 10(4), pages 403-407.

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