AN ECONOMIST'S GUIDE TO LOTTERY DESIGN

If funds are insufficient to pay guaranteed prizes, non-grandjackpot prizes may be paid on a pari-mutuel basis and could be lower than the amounts shown in

lotteries andor pari-mutuel wagering A secondary purpose was to investigate the amount of money lost from the lottery or pari-mutuel betting and how those

parions poker The meaning of PARI-MUTUEL is a betting pool in which those who bet on competitors finishing in the first three places share the total

pari slot The top prize may become pari-mutuel if there are more than ten $22,000 or $44,000 winners in a drawing 2by2 Tuesday prizes requires a ticket purchase of 7