Template-Type: ReDIF-Paper 1.0
Author-Name: Ian Walker
Author-Name-First: Ian
Author-Name-Last: Walker
Author-Name: Rhys Wheeler
Author-Name-First: Rhys
Author-Name-Last: Wheeler
Title: The Decline and Fall of UK Lotto
Abstract: UK lotto sales have fallen by 60% from its heyday in 1996 (just two years after the introduction of the game) when weekly sales were close to £100m, to £40m per week in nominal terms by 2013 (and, with inflation averaging 2.9%, the real fall in sales revenue was approximately 75%). The aim of this paper is to estimate the demand for lotto - so as to understand the fall in lotto sales revenue, and to evaluate attempts since 2013 to arrest the fall.
Creation-Date: 2018
File-URL: http://www.lancaster.ac.uk/media/lancaster-university/content-assets/documents/lums/economics/working-papers/LancasterWP2018_022.pdf
File-Format: application/pdf
Number: 247054751
Classification-JEL: I3, I31, D8
Keywords: gambling, lotto, problem gambling, mediation, well-being
Handle: RePEc:lan:wpaper:247054751