Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/53033
Authors: 
Addison, Tony
Chowdhury, Abdur R.
Year of Publication: 
2003
Series/Report no.: 
WIDER Discussion Papers // World Institute for Development Economics (UNU-WIDER) 2003/80
Abstract: 
The world lottery market now amounts to at least US$126 billion in sales. World market sales for all gaming products (public, charitable and commercial) total some US$1 trillion, of which Internet gambling accounts for US$32 billion. This paper assesses the prospects for harnessing this large and growing market for the purposes of development finance by means of a global lottery and a global premium bond (with the successful UK scheme providing a model for the latter). Each has different strengths: the global lottery can add to the supply of grant finance for development, while the global premium bond could be an attractive savings instrument for ethical investors. The paper concludes that global versions of both a lottery and a premium bond are viable and complementary in mobilizing more development finance.
Subjects: 
lottery
development finance
Millennium Development Goals
JEL: 
F35
F33
H87
Document Type: 
Working Paper

Files in This Item:
File
Size
305.51 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.