ABSTRACT
Theoretical and empirical research on the economics of lotteries has been plentiful (Ariyabuddhiphongs 2011; Clotfelter and Cook 1990; Perez and Humphreys 2013). The majority of these studies have focused on mature legal lottery markets (such as Australia, Spain, the United Kingdom, and the US). Most of the extant research has examined the relationships between demographic and socioeconomic characteristics and gambling behavior. Several variables have been tested for a correlation with participation in and expenditure on mostly legal lotteries. Some general themes emerge in the literature. In this section, we review the variables considered in previous studies in order to provide a general overview before adding more contextualized variables for our analysis of China’s illegal lottery.
