State Lotteries

State Lotteries

Author: United States. Congress. Senate. Committee on Governmental Affairs. Subcommittee on Intergovernmental Relations

Publisher:

Published: 1985

Total Pages: 640

ISBN-13:

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State Lotteries and Legalized Gambling

State Lotteries and Legalized Gambling

Author: Richard McGowan

Publisher: Bloomsbury Publishing USA

Published: 1994-10-30

Total Pages: 188

ISBN-13: 0313035695

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Lotteries and state-sponsored gambling is big business. This is the first study that evaluates the business strategies of state lotteries on two fronts. First, it examines which of the lottery strategies produces the most consistent source of revenue for the state. Second, it analyzes possible overall gambling strategies that states will need to utilize as they seek to expand gambling revenue. This is must reading for those operating lotteries, state legislators, vendors to state lottery commissions, taxpayers, and scholars in public policy and government. The whole question of state-sponsored gambling is explored, integrating both the business and policy strategies of operating a state lottery. Initially, gambling and lotteries were introduced into the public policy process in times of social unrest, brought on by the outbreak of war. Since regular sources of governmental revenue were diverted to the war effort, proceeds from gambling activites were used to finance the building of roads, canals, and schools. An Ethics of Tolerance also had to evolve in order to engender the public's acceptance of lotteries and gambling. Today, states are using gambling revenues to support education, public transportation, and aid to local towns and cities. Hence, gambling revenues must be maintained or increased. States now must decide whether they should introduce other gambling initiatives, possibly cannibalizing their existing activities in the process. The basic question, of whether it is actually possible for a state to establish an overall gambling strategy, is explored by an analysis of the gambling policies of Massachusetts and Pennsylvania. The future of gambling in the United States, as states move beyond lotteries to sanctioning casino gambling by private entrepreneurs, concludes this most relevant and provocative book.


Handbook of Sports and Lottery Markets

Handbook of Sports and Lottery Markets

Author: Donald B. Hausch

Publisher: Elsevier

Published: 2011-08-11

Total Pages: 561

ISBN-13: 0080559956

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Its basic empirical research and investigation of pure theories of investment in the sports and lottery markets make this volume a winner. These markets are simpler to study than traditional financial markets, and their expected values and outcomes are uncomplicated. By means of new overviews of scholarship on the industry side of racetrack and other betting markets to betting exchanges and market efficiencies, contributors consider a variety of sports in countries around the world. The result is not only superior information about market forecasting, but macro- and micro-analyses that are relevant to other markets. - Easily studied sports markets reveal features relevant for more complex traditional financial markets - Significant coverage of sports from racing to jai alai - New studies of betting exchanges and Internet wagering markets


Legalized Gambling

Legalized Gambling

Author: Rod L. Evans

Publisher: Open Court Publishing

Published: 1998

Total Pages: 482

ISBN-13: 9780812693546

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Forty-eight states now permit legalized gambling in some form, thirty-seven states run lotteries, forty-seven allow bingo houses, and more than a dozen states permit betting on dog races. American gamblers wager over $300 billion yearly in legal gambling. Although many Americans enjoy gambling and see it as harmless recreation and a fairly painless way to generate revenue without levying direct taxes, many social conservatives see gambling as a socially destructive temptation that ought notto be indulged by private citizens, much less sponsored by government. Recently, economic pressures resulting from less federal revenue and Americans' growing aversion to tax increases have led many state governments to liberalize gambling laws or sponsor gambling, sparking a lively debate. Legalized Gambling contains twenty articles focusing on different aspects of gambling policy by experts in the fields of public policy, law, psychiatry, rhetoric, religion, economics, and politics. The contributors address all areas of the debate, including the following: -- What moral issues are at the center of the debate? -- What are the true economic costs and benefits of legalized gambling? How are they often hidden or misconstrued in order to support either prohibition or legalization? -- How has the history of gambling in America shaped our current policies? -- Is governmental regulation an invasion of personal privacy? -- What are the legitimate uses of laws? -- Is "pathological gambling" a justifiable medical diagnosis? -- Do gambling establishments run by Native Americans deserve special consideration or regulation? "(In a lottery) ... the tax is laid on the willing only, that is to say, on those who can risk the price of a ticket without sensible injury for the possibility of a higher prize". -- Thomas Jefferson


Wisconsin Encyclopedia

Wisconsin Encyclopedia

Author: Jennifer Herman

Publisher: State History Publications

Published: 2008-01-01

Total Pages: 1487

ISBN-13: 1878592610

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A concise encyclopedia of Wisconsin history, government, and politics.


The Oxford Handbook of the Economics of Gambling

The Oxford Handbook of the Economics of Gambling

Author: Leighton Vaughan Williams

Publisher: Oxford University Press

Published: 2013-11-12

Total Pages: 740

ISBN-13: 019937662X

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There is growing interest among academics and policymakers in the economics of gambling, which has been stimulated by major regulatory and tax changes in the U.S., U.K. Continental Europe, Asia, Australia and elsewhere. Unfortunately, there is no comprehensive source of path-breaking research on this topic. To fill this gap, we commissioned chapters from leading economists on all aspects of gambling research. Topics covered include the optimal taxation structure for various forms of gambling, factors influencing the demand and supply of gambling services, forecasting of gambling trends, regulation of gambling, the efficiency of racetrack and sports betting markets, gambling prevalence and behavior, modeling the demand for gambling services, the economic impact of gambling, substitution and complementarities among different types of gambling activity, and the relationship between gambling and other sectors of the economy. These are all important issues, with significant global implications. Specifically, we divide the Handbook into sections on casinos, sports betting, horserace betting, betting strategy, motivation, behavior and decision-making in betting markets, prediction markets and political betting, and lotteries and gambling machines


A History of the California Initiative Process

A History of the California Initiative Process

Author: Bill Jones

Publisher: DIANE Publishing

Published: 2001

Total Pages: 140

ISBN-13: 9780788182501

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The California initiative process, established in 1911, provides the people a mechanism to propose statutory revisions and constitutional amendments, and to adopt or reject those proposed. This historical study of proposed initiatives in California from 1912 through Aug. 1998 are included in both chronological order and by subject matter. This study also lists the ballot measures that have been approved by voters, it cites the most popular initiatives of recent years, and it groups together proposed initiative measures by the year in which they received a title and summary, thus entering into circulation.