THE EFFECTS OF LOTTO GAME CHANGES AND LARGE JACKPOTS ON INCOME ELASTICITIES AND SALES.

Using daily lottery data from Washington State by zip code from January 2011 through mid‐March 2016, we estimate that Powerball income elasticities range from −0.16 to 0.16 as the Powerball jackpot increases from its minimum to $1.5 billion, while Mega Millions income elasticities range from −0.08 t...

Full description

Bibliographic Details

Published in:	Contemporary Economic Policy Vol. 37; no. 2; pp. 261 - 274
Main Authors:	Combs, Kathryn L., Spry, John A.
Format:	Article
Published:	Wiley-Blackwell Apr2019
Subjects:	Washington (State) Elasticity (Economics) Economic demand Data Business revenue
Online Access:	View this record in EBSCOhost