Search Results
Journal Article
The geography, economics, and politics of lottery adoption
Since New Hampshire introduced the first modern state-sponsored lottery in 1964, 41 other states plus the District of Columbia have adopted lotteries. Lottery ticket sales in the United States topped $48 billion in 2004, with state governments reaping nearly $14 billion in net lottery revenue. In this paper the authors attempt to answer the question of why some states have adopted lotteries and others have not. First, they establish a framework for analyzing the determination of public policies that highlights the roles of individual voters, interest groups, and politicians within a state as ...
Working Paper
Risk taking and the quality of informal insurance: gambling and remittances in Thailand
More than 35% of Thai households either give or receive remittances, and remittances account for about one-third of the income of the receiving households. Remittance relationships may be an important source of protection against adverse events for the individuals involved. This paper provides evidence that remittances behave in a way that is consistent with insurance: they are sensitive to shocks to regional rainfall and they respond to household level events. The paper goes on to consider how the quality of insurance that is offered through remittances affects household risk taking ...
Journal Article
Taking food from mouths?
Do lottery tickets and other forms of gambling compete with essentials in the household budget? Yes, says a recent economic analysis, but that's not necessarily a bad thing.
Journal Article
Gambling: A sure thing?
An in-depth look at Ninth District gambling, from state lotteries to Indian casinos to Internet gambling.
Journal Article
Conference flush with lessons on sports, entertainment, gambling
Journal Article
They're off
Off-track betting and remote TV feeds combine to make horse racing in Virginia look economically viable despite a gloomy national outlook for the business.
Journal Article
Behind lottery mania: what Southeastern states can expect