TY  - JOUR
T1  - The Economics of Lotteries: An Evidence from Vietnam
AU - Nguyen, Duy-Minh 
JO  - Journal of Engineering and Applied Sciences
VL  - 12
IS  - 2
SP  - 307
EP  - 318
PY  - 2017
DA  - 2001/08/19
SN  - 1816-949x
DO  - jeasci.2017.307.318
UR  - https://makhillpublications.co/view-article.php?doi=jeasci.2017.307.318
KW  - Lottery tickets
KW  -lottery players
KW  -logit model
KW  -Vietnam
KW  -VND
AB  - This study aims at investigating the behaviors and characteristics of the lottery players and the
lottery sellers in the Vietnam’s lottery market. Data were collected from two primary surveys in 2010 and 2016.
Descriptive statistics and quantitative methods including multivariable regression model and logit model are
used to analyze the data by the support from R’s statistical software. The findings from the study indicate that
Vietnamese people have spent approximately $3.7 billion on purchasing lottery tickets per year. This study also
has explored that the average earnings of the lottery sellers is 5.2 million VND per month, however they have
to face many challenges with their working conditions. Especially, this research has built the logit models to
estimate the probability of the lottery participation. In addition, it is evident that income has a weakly positive
effect on the action of buying lottery tickets. Moreover, the factors as age, peer-play, educational attainment
and behavior toward risk also contribute to explain the behavior of buying lottery in Vietnam. A strong
recommendation is that since the relative purchasing the lotteries power of Vietnamese is 1.86 times higher than
that of the worldwide average level, therefore, the Vietnamese state authorities should not encourage their
citizens to participate more into the lottery market and spend more on lottery tickets.
ER  -