Economics of State Lotteries.

I. Introduction Lotteries held a prominent place in the early history of the United States, including a role in the financing the establishment of the first British colonies. They where frequently used to finance public works projects such as paving streets, building wharves and constructing churches. Most of the early lotteries in the United States were run by state and local governments, but during the 19th century, a number of private companies were hired by …showed first 75 words of 2550 total…

…showed last 75 words of 2550 total…Michigan25,590 563.4 2.20% Minnesota 13,581 84.1 0.62% Missouri 10,054 131.3 1.31% Montana 1,920 6.3 0.33% Nebraska 3,576 19.5 0.54% New Hampshire 1,807 51.3 2.84% New Jersey20,600 612.42.97% New Mexico 4,990 20.50.41% New York44,9121,530.63.41% Ohio 21,799 750.4 3.44% Oregon 7,768 72.8 0.94% Pennsylvania 25,792 691.0 2.68% Rhode Island 2,392 42.2 1.76% South Dakota 1,247 5.9 0.47% Texas 31,746 1,161.13.66% Vermont 1,386 23.6 1.70% Virginia 14,545331.1 2.28% Washington 14,101 94.2 0.67% West Virginia 3,998 43.9 1.10% Wisconsin 13,012 132.6 1.02% TOTAL 509,691 11,205 2.20% (a) General revenues minus intergovernmental transfers. (b) Sales-prizes-operating expenses. Source: Bureau of the Census Web Site, State Finances 1997, Excel file. www.census.gov/govs/www/st97.html. Clotfelter, Cook, Edell and Moore, (1999) Figure Captions Figure 1. Gross Revenue and Net Profit from State Lottery. Evans and Phang, (2002) pg 44