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Craig Arthur Gallet


Many studies have examined the demand for gambling, providing roughly 200 estimates of the price elasticity associated with horse racing, casino gaming, and the lottery.  Treating these price elasticities as observations of the dependent variable in a meta-regression model, several features of the literature are found to influence the price responsiveness of gambling.  For instance, the price elasticity of casino gambling is lowest in absolute value, while the price elasticities of horse racing and the lottery are of similar value.  Also, not only are there regional differences in the price elasticity of gambling, but other model features, such as the functional form of gambling demand, are found to influence the price elasticities. 

Article Details

Author Biography

Craig Arthur Gallet, California State University, Sacramento

Professor of Economics


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