"Public welfare" factor’s impact on people’s willingness to gamble

Session Title

Poster Session

Presentation Type

Poster Presentation

Location

Park MGM, Las Vegas, NV

Start Date

24-5-2023 10:30 AM

End Date

24-5-2023 11:15 AM

Disciplines

Gaming and Casino Operations Management

Abstract

Abstracts

Approximately half of total lottery sales are used for prizes, with the remainder being used for government revenue, social welfare endeavors, and distribution fees. 90%, if not more than 95%, of the funds in the casino are returned to the gamblers.

China's Welfare Lottery began in 1987, while China's Sports Lottery began in 1983. Data shows that in China, a total of 373.285 billion yuan in lottery tickets were sold nationwide in 2021, an 11.8% increase year on year. Sales of welfare lottery institutions were 142.255 billion yuan, a 1.5% decrease year on year; sales of sports lottery institutions were 231.030 billion yuan, a 21.9% increase year on year.

This study aims to determine if more people would try gambling if it were changed to provide more benefits to society (such as building roads in the city or donating to animal shelters with some of the gambling money of those who don't win).

Implication statements

If the gambling industry invests some of the money people lose in public welfare. Those who believe they have had no success may wish to try again. They believe that even if they lose, they are spending money to benefit society. This increases revenue while keeping guests happier.

Keywords

Gambling, Public welfare, Revenue, Guest thoughts

Author Bios

My name is Yuze Ji (Crystal). I am from China. I am a first-year Ph.D. student at the University of Nevada, Las Vegas, majoring in hospitality management. I am interested in multi-unit business management and I am open to any kind of opportunity.

Funding Sources

N/A

Competing Interests

N/A

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May 24th, 10:30 AM May 24th, 11:15 AM

"Public welfare" factor’s impact on people’s willingness to gamble

Park MGM, Las Vegas, NV

Abstracts

Approximately half of total lottery sales are used for prizes, with the remainder being used for government revenue, social welfare endeavors, and distribution fees. 90%, if not more than 95%, of the funds in the casino are returned to the gamblers.

China's Welfare Lottery began in 1987, while China's Sports Lottery began in 1983. Data shows that in China, a total of 373.285 billion yuan in lottery tickets were sold nationwide in 2021, an 11.8% increase year on year. Sales of welfare lottery institutions were 142.255 billion yuan, a 1.5% decrease year on year; sales of sports lottery institutions were 231.030 billion yuan, a 21.9% increase year on year.

This study aims to determine if more people would try gambling if it were changed to provide more benefits to society (such as building roads in the city or donating to animal shelters with some of the gambling money of those who don't win).

Implication statements

If the gambling industry invests some of the money people lose in public welfare. Those who believe they have had no success may wish to try again. They believe that even if they lose, they are spending money to benefit society. This increases revenue while keeping guests happier.