Banking on Gambling: Banks Lottery-Linked Deposit Accounts

Wharton Financial Institutions Center Working Paper No. 00-25

23 Pages Posted: 10 Jul 2000

See all articles by Mauro F. Guillen

Mauro F. Guillen

University of Pennsylvania - Management Department

Adrian E. Tschoegl

University of Pennsylvania - Management Department

Date Written: April 2000

Abstract

Lottery-linked deposit accounts have proved to be popular around the world. From the point of view of a bank, these products are especially successful among relatively low-income customers, or in markets in which many people are outside the banking system. Below, we describe numerous examples of such accounts, and analyze their economics.

JEL Classification: G21

Suggested Citation

Guillen, Mauro Federico and Tschoegl, Adrian E., Banking on Gambling: Banks Lottery-Linked Deposit Accounts (April 2000). Wharton Financial Institutions Center Working Paper No. 00-25, Available at SSRN: https://ssrn.com/abstract=231144 or http://dx.doi.org/10.2139/ssrn.231144

Mauro Federico Guillen

University of Pennsylvania - Management Department ( email )

The Wharton School
Philadelphia, PA 19104-6370
United States
215-573-6267 (Phone)
215-326-3205 (Fax)

Adrian E. Tschoegl (Contact Author)

University of Pennsylvania - Management Department ( email )

The Wharton School
Philadelphia, PA 19104-6370
United States

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