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Why Do People Buy Lottery; Products?

This paper examines the lottery sales of 99 countries by type of product in order to analyze the socio¬economic and demographic features that help to explain gambling consumption around the world. With a panel data analysis covering 13 years, this study explains the variation of a country's per-capita lottery sales in general and by type of game: lotto, numbers, keno, toto, draw and instant. This paper found th...