The demand for gambling: A review

David Paton, Donald S. Siegel, Leighton Vaughan Williams

Research output: Chapter in Book/Report/Conference proceedingChapter

5 Scopus citations

Abstract

Introduction A rapid global expansion in gambling turnover has heightened interest in identifying the ‘optimal’ level of regulation in the gambling industry. Key policy objectives in this regard includedetermining the ideal structure of gambling taxes, maximising the net social bene?t of gambling and devising optimal responses to environmental changes, such as the growth of Internet gambling. Successful formulation of policy in these areas depends on the availability of good empirical evidence on demand characteristics and substitution patterns for various types of gambling activity. Policymakers in many countries are especially interested in assessing substitution effects for national and state lotteries, since they have become increasingly dependent on this source of revenue. They are also interested in determining how regulatory changes affect the demand for alcohol, tobacco, entertainment services and other consumer products that generate substantial tax revenue. The question of whether these products are substitutes or complements for gambling has important revenue implications when gambling regulations are modified.

Original languageEnglish (US)
Title of host publicationThe Economics of Gambling
PublisherTaylor and Francis
Pages247-263
Number of pages17
ISBN (Electronic)0203986938, 9781134508389
ISBN (Print)0415260914, 9780415260916
DOIs
StatePublished - Jan 1 2005
Externally publishedYes

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)
  • Business, Management and Accounting(all)

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    Paton, D., Siegel, D. S., & Williams, L. V. (2005). The demand for gambling: A review. In The Economics of Gambling (pp. 247-263). Taylor and Francis. https://doi.org/10.4324/9780203986936-24