On the Economics of State Lotteries
- 1 November 1990
- journal article
- Published by American Economic Association in Journal of Economic Perspectives
- Vol. 4 (4) , 105-119
- https://doi.org/10.1257/jep.4.4.105
Abstract
This article examines several aspects of the economics of state lotteries, focusing primarily on the demand for lottery products. We begin by giving a descriptive overview. The succeeding sections examine the motivations for playing lottery games and evidence on the determinants of lottery demand. The final section considers the welfare economics of the apparent objective of lotteries—to maximize profits for the state.Keywords
This publication has 1 reference indexed in Scilit:
- How to beat the massachusetts numbers gameThe Mathematical Intelligencer, 1981