Can Demographic Variables Predict Lottery and Pari-mutuel Losses? An Empirical Investigation |
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Authors: | K Brandon Lang Megumi Omori |
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Institution: | (1) Department of Sociology, Social Work and Criminal Justice, Bloomsburg University of Pennsylvania, 400 East Second St., Bloomsburg, PA 17815-1301, USA |
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Abstract: | Using data from the 2004 and 2005 Consumer Expenditure Surveys (CES) comprising of 15,000 respondents, this study examines
two research questions. The first of these considers the demographic differences between households whose members lose money
playing the lottery and/or engaging in pari-mutuel betting and those whose members do not lose money participating in such
activities. The second assesses demographic differences among households whose members lose money playing the lottery and/or
engaging in pari-mutuel betting. It was found that respondents living in money-losing households are slightly older, better
off financially, more likely to be married or divorced, more likely to live in a state with at least one legal casino and
more likely to live in the Northeast than respondents living in non-money-losing households. Among those living in money-losing
households, the least wealthy and African American respondents are more likely to lose a higher proportion of their respective
incomes purchasing lottery tickets and engaging in pari-mutuel betting than wealthier respondents and whites. |
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Keywords: | Lottery Pari-mutuel betting Gambling losses |
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