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Lotteries as a Source of Revenue

In: Gaming in the New Market Environment

Author

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  • Sarah Smith

Abstract

Lotteries run by states2 around the world are typically characterised by two features. The first is a high tax rate. While a lottery is not itself a tax, as it is sometimes called, the fact is that almost all of the take-out rate (the price of a ticket minus the expected value of the prize) goes as revenue to the government.3 For most lotteries, the tax rate is above that for other forms of gambling and higher, even, than ‘sin’ taxes on alcohol and tobacco. The second feature is that most states formally hypothecate lottery revenue to one or a number of ‘good causes’. These range from very narrow purposes, such as a specific sports stadium, to wider designated good causes, commonly including sports, arts, heritage and charities.

Suggested Citation

  • Sarah Smith, 2008. "Lotteries as a Source of Revenue," Palgrave Macmillan Books, in: Matti Viren (ed.), Gaming in the New Market Environment, chapter 5, pages 99-125, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-58261-3_5
    DOI: 10.1057/9780230582613_5
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    Cited by:

    1. Rebeggiani, Luca, 2012. "Regulierung des deutschen Sportwettenmarktes in komparativer Perspektive: Glücksspielgesetze in der Europäischen Union," Edition HWWI: Chapters, in: Büch, Martin-Peter & Maennig, Wolfgang & Schulke, Hans-Jürgen (ed.), Sport und Sportgroßveranstaltungen in Europa - zwischen Zentralstaat und Regionen, volume 4, pages 51-78, Hamburg Institute of International Economics (HWWI).
    2. Sijbren Cnossen, 2006. "Alcohol taxation and regulation in the European Union," CPB Discussion Paper 76.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
    3. Sijbren Cnossen, 2020. "Excise Taxation for Domestic Resource Mobilization," CESifo Working Paper Series 8442, CESifo.
    4. Sijbren Cnossen & D. Forrest & S. Smith, 2009. "Taxation and regulation of smoking, drinking and gambling in the European Union," CPB Special Publication 76.rdf, CPB Netherlands Bureau for Economic Policy Analysis.

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