The Economic Consequences of State Lotteries

Examining the economic impact and consequences of state lotteries, this book focuses on the efficiency and equity of state government revenue and expenditure policy. The authors offer an analysis of equity issues by studying the Illinois and Florida lotteries, and address efficiency considerations through an examination of six education-supporting lotteries and their allocation and administration of revenue. Among the other topics discussed are the effect of lottery taxes on other sources of revenue, whether lottery tickets are purchased at the expense of necessities, and possible policies for enhancing lotteries.