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Selling Hope: State Lotteries in America.

Selling Hope: State Lotteries in America, by Charles T. Clotfelter and Philip J. Cook, is available from Harvard University Press for $29.50.

Selling Hope, the final report on an NBER study conducted by Clotfelter and Cook, comprehensively describes lottery games and prize structures, who plays, why they play, and how they play. It shows how low-income people are disproportionately represented among lottery customers and how a small fraction of all players account for a major share of lottery revenues.

In addition to questioning who bears the burden of lottery finance, Clotfelter and Cook ask whether lotteries have been truthful in advertising, and whether they can provide a stable source of revenue. Finally, can lotteries' businesslike orientation be reconciled with the public interest? This book should interest policymakers, academics, and anyone who wants to learn more about this important source of state revenues.

Clotfelter, an NBER research associate, and Cook are both professors of public policy studies and economics at Duke University.
COPYRIGHT 1989 National Bureau of Economic Research, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1989 Gale, Cengage Learning. All rights reserved.

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Publication:NBER Reporter
Article Type:Book Review
Date:Dec 22, 1989
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