Better State Lotteries

IF 0.5 Q4 ECONOMICS

PUBLIC FINANCE REVIEW Pub Date : 2023-12-06 DOI:10.1177/10911421231206030

C. Clotfelter

引用次数: 0

Abstract

Over the last three decades, a little-noted change has taken place in state lotteries. This change is an increase in the average payout rate, the share of sales that is returned to players in the form of prizes. Because it reduces the rate of implicit taxation on lottery purchases and its accompanying welfare loss, this change has inadvertently made lotteries better, or at least less objectionable. This paper reviews the normative case for reducing the implied tax, documents the rise in payout rates across the United States, offers an explanation for that rise, notes the starring role played by instant games, illustrates its effect on the regressivity of lottery finance, and documents the surprising correlation between the price of instant games and their payout rates.

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更好的州彩票

在过去的三十年里，州彩票发生了一个鲜为人知的变化。这种变化是平均支付率的增加，即以奖励形式返还给玩家的销售份额。因为它降低了购买彩票的隐性税率和随之而来的福利损失，这一变化无意中使彩票变得更好，或者至少不那么令人反感了。本文回顾了减少隐含税的规范案例，记录了美国各地支付率的上升，并对这种上升提供了解释，指出了即时游戏所起的主要作用，说明了它对彩票融资的回归性的影响，并记录了即时游戏价格与其支付率之间令人惊讶的相关性。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

PUBLIC FINANCE REVIEW ECONOMICS-

CiteScore

1.30

自引率

0.00%

发文量

期刊介绍： Public Finance Review is a professional forum devoted to US policy-oriented economic research and theory, which focuses on a variety of allocation, distribution and stabilization functions within the public-sector economy. Economists, policy makers, political scientists, and researchers all rely on Public Finance Review, to bring them the most up-to-date information on the ever changing US public finance system, and to help them put policies and research into action. Public Finance Review not only presents rigorous empirical and theoretical papers on public economic policies, but also examines and critiques their impact and consequences. The journal analyzes the nature and function of evolving US governmental fiscal policies at the national, state and local levels.