Abstract:Summary
Euromillions is a lotto game played across nine countries. We examine more than 8 years of sales data for individual states to assess whether a jackpot win in a country increases subsequent sales in that country. We propose a novel test for the presence of such a ‘compatriot win effect’ that has as its only assumption that the lottery draw is random. Results suggest elevated sales over 12 draws following a national win. When we model the size of the effect, it proves to be modest in size for average ja… Show more
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