Document Type
Working Paper
Date of This Version
11-1-2004
Keywords
lotto, lottery, public finance, gambling
Abstract
This paper considers the relationship that exists between two lottery products offered simultaneously in the same state, a smaller lottery game run by the individual state and a larger multi-state game run in coordination with other states. The primary issue is whether the two different products should be considered substitutes or complements for one another. The question is considered from two different perspectives that lead to a conclusion that while the two products do tend to be complements to one another, overall the individually run state lottery games experience a reduction in sales from the presence of the multi-state game.
Working Paper Number
0406
Recommended Citation
Matheson, Victor and Grote, Kent, "Dueling Jackpots: Are Competing Lotto Games Complements or Substitutes?" (2004). Economics Department Working Papers. Paper 100.
https://crossworks.holycross.edu/econ_working_papers/100
Published Version
This article was published as: Matheson, V., Grote, K. (2006). Dueling Jackpots: Are Competing Lotto Games Complements or Substitutes?. Atlantic Economic Journal, 34(1), pp.85-100.