The income elasticity of lottery revisited: a worldwide perspective


  • Levi Pérez University of Oviedo, Spain
  • Álvaro Muñiz University of Cantabria



lottery demand, income elasticity, international comparison, quantile regression


Using panel data information from The WLA Global Lottery Data Compendium this paper estimates aggregate demand functions for lottery tickets in order to examine variation in the income elasticity of lottery tickets worldwide. The analysis uses a panel data quantile regression approach. The estimated elasticities are compared across income quartiles and world regions. The results provide evidence that a significant variation in the income elasticities across both geographic areas and the income distribution exists. Also, a clear heterogeneity in the incidence of lottery expenditures is observed. Overall, it is found that lottery is a normal good.


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How to Cite

Pérez, L., & Muñiz, Álvaro. (2021). The income elasticity of lottery revisited: a worldwide perspective. Economics and Business Letters, 10(4), 403-407.