Income elasticity of demand for horse wagering - Large-scale evidence from online betting accounts



Forrest, David ORCID: 0000-0003-0565-3396, Kainulainen, Tuomo, Saastamoinen, Jani and Suhonen, Niko
(2022) Income elasticity of demand for horse wagering - Large-scale evidence from online betting accounts. ECONOMICS LETTERS, 213. p. 110356.

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Abstract

The paper investigates income elasticity of demand for online horserace betting, using individual account data and administrative data from Finland. Overall income elasticity is positive but low. However, elasticity varies substantially across the income distribution from near-zero at the bottom to unity among higher income groups. Increased betting expenditure as income increases is associated with greater intensity rather than with greater frequency of betting.

Item Type: Article
Additional Information: Source info: EL52856
Uncontrolled Keywords: Betting, Horseracing, Income elasticity, Spline regression
Divisions: Faculty of Humanities and Social Sciences > School of Management
Depositing User: Symplectic Admin
Date Deposited: 17 Feb 2022 16:19
Last Modified: 18 Jan 2023 21:12
DOI: 10.1016/j.econlet.2022.110356
Open Access URL: https://doi.org/10.1016/j.econlet.2022.110356
Related URLs:
URI: https://livrepository.liverpool.ac.uk/id/eprint/3149116