This week’s IGM Economic Experts Panel statement:
Taking into account the revenues, consumer surplus, purchasing patterns by income, and possible consumer biases, state-run lotteries (such as Powerball and scratch-off games) increase social welfare.
Keyword: gambling
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safety sales tax San Francisco sanctions savings school students school vouchers schools Science Scotland Scottish independence SEC secondary markets Section 230 sectoral policies security security screening self-control semiconductors services shareholder activism shareholder value shareholders shares shipping short selling single market skills slavery small firms smartphones soccer social benefits social cohesion social cost of carbon social costs social integration social justice social media social mobility social norms social problems social programs Social Security social welfare social/public housing sociial welfare soft drinks software industry solar energy sovereign bonds sovereign debt sovereign wealth funds soverign bonds Spain speculation sports Stability and Growth Pact stablecoins stagflation stakeholders standardized tests start-ups state aid state budgets statistical agencies statistics steel steel industry steel tariffs sterling stock buybacks stock market stock prices stock returns store of value strategic behavior strategic planning strategic sectors stress tests student loans students subsidies sugar sugar tax Supplemental Nutrition Assistance Program supply chain supply chains Supreme Court surge pricing sustainability systemic risk
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This week's IGM Economic Experts Panel Statement:
All things considered, US society will be better off if sports betting becomes legal in more US states (beyond Nevada).
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