UNSPECIFIED. (2001) An economist's guide to lottery design. ECONOMIC JOURNAL, 111 (475). F700-F722. ISSN 0013-0133

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Abstract

This paper outlines the issues relevant to the design of pari-mutuel lottery games and makes inferences about game design effects from estimates of how rollovers affect sales. Lottery tickets sales depend positively on the proportion of revenue returned as prizes, positively on the skewness of the prize distribution (which depends largely on how much of the prize money goes to the jackpot), and negatively on the variance in the prize distribution (which depends largely on how much goes on smaller prizes). We simulate the effects of envisaged game design changes on sales revenue and find potentially large effects.

Item Type:	Journal Article
Subjects:	H Social Sciences > HC Economic History and Conditions
Journal or Publication Title:	ECONOMIC JOURNAL
Publisher:	BLACKWELL PUBL LTD
ISSN:	0013-0133
Date:	November 2001
Volume:	111
Number:	475
Number of Pages:	23
Page Range:	F700-F722
Publication Status:	Published
URI:	http://wrap.warwick.ac.uk/id/eprint/11517

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