The demand for wagering on state-operated lotto games.: An article from: National Tax Journal

This digital document is an article from National Tax Journal, published by National Tax Association on March 1, 1993. The length of the article is 4392 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the author: Abstract - A number of studies have attempted to estimate demand functions for state-operated lottery games, usually with quarterly or annual data. A few include the price of a lottery bet as an independent variable, with generally unsatisfactory results. This is because the price of a lottery bet will be roughly constant over quarterly or annual time intervals. Focusing on one type of lottery game (lottos), we show that if the demand for betting on lottos is estimated on a drawing-by-drawing basis, a price variable can be included on the right-hand side. Doing so allows us to estimate a true demand function and to compute price elasticities. As a result, we can evaluate the extent to which state lottery agencies have structured their lotto games so as to maximize tax revenues.

Citation Details
Title: The demand for wagering on state-operated lotto games.
Author: O. David Gulley
Publication:National Tax Journal (Refereed)
Date: March 1, 1993
Publisher: National Tax Association
Volume: 46 Issue: n1 Page: 13-22

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