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Unlocking the Economic Potential of Sports Lottery in China: A Knowledge-Based Economy Perspective Enhanced by Artificial Intelligence

Author

Listed:
  • Zhenjie Guo

    (Qujing Normal University)

  • Norita. E. Manly

    (Adamson University)

Abstract

China’s relentless pursuit of sustainable economic development has led to a heightened focus on industries prioritizing reduced pollution and resource consumption. A notable example is the sports lottery industry, characterized by minimal environmental impact and low resource consumption. The pervasive integration of artificial intelligence (AI) further transforms this industry. This paper offers empirical insights into the role of sports lottery sales in driving China’s sustained economic growth within the context of AI. Using a panel econometric model based on provincial data spanning from 2011 to 2019, this study examines the impact of sports lottery sales on economic growth, with AI as a significant supporting factor. The research explores the influence of urbanization and population aging on the intricate relationship between sports lottery sales and economic growth. The findings reveal several key insights. Sports lottery sales exhibit a substantial and positive effect on economic growth. This robust correlation highlights the industry’s role as an economic catalyst, particularly with integrating AI-driven enhancements. Urbanization introduces a threshold effect into the relationship between sports lottery sales and economic growth. This nuanced effect implies that urbanization magnifies the economic impact of sports lottery sales up to a certain point. Understanding this threshold effect is crucial for maximizing the industry’s contributions. Contrary to conventional wisdom, aging population dynamics do not significantly inhibit the economic growth of sports lottery sales. Instead, this influence is context-dependent, varying across regions. Context-specific factors, such as pension plans and senior citizen engagement in leisure activities, can mitigate the adverse effects, challenging stereotypes about elderly consumers. Further analyses highlight the presence of regional heterogeneity, with the economic growth effect of sports lottery sales gradually weakening from eastern to western regions of China. These regional disparities underscore the importance of tailoring strategies and policies to address unique challenges and opportunities in different geographical areas.

Suggested Citation

  • Zhenjie Guo & Norita. E. Manly, 2024. "Unlocking the Economic Potential of Sports Lottery in China: A Knowledge-Based Economy Perspective Enhanced by Artificial Intelligence," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(3), pages 12919-12945, September.
    • Handle: RePEc:spr:jknowl:v:15:y:2024:i:3:d:10.1007_s13132-023-01640-y
    DOI: 10.1007/s13132-023-01640-y
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    References listed on IDEAS

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