On the Economics of State Lotteries

Published

Journal Article

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.

Full Text

Duke Authors

Cited Authors

  • Clotfelter, CT; Cook, PJ

Published Date

  • November 1, 1990

Published In

Volume / Issue

  • 4 / 4

Start / End Page

  • 105 - 119

Published By

International Standard Serial Number (ISSN)

  • 0895-3309

Digital Object Identifier (DOI)

  • 10.1257/jep.4.4.105

Language

  • en