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On the Economics of State Lotteries

On the Economics of State Lotteries 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. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Economic Perspectives American Economic Association

On the Economics of State Lotteries

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Publisher
American Economic Association
Copyright
Copyright © 1990 by the American Economic Association
Subject
Articles
ISSN
0895-3309
DOI
10.1257/jep.4.4.105
Publisher site
See Article on Publisher Site

Abstract

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.

Journal

Journal of Economic Perspectives – American Economic Association

Published: Nov 1, 1990

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