In the past decade gaming markets have evolved rapidly. Spearheading this change has been the internet, which has enabled cross-border gambling on an unprecedented scale. State-owned lottery companies have legal monopolies in almost all European countries, but the increase in cross-border gambling trade places them in a difficult position. This book presents the key issues in the gaming debate, including: taxation of lotteries; welfare and fiscal considerations; potential changes to market structure if restrictions on cross-border gambling are removed; and public policy concerns. A host of international contributors examine the economics of gambling in detail, offering a theoretical and empirical basis from which a discussion on the role of government inregulation, taxation, and production of gambling services can take place. This volume explores the changing landscape of the gaming market and is a crucial companion for scholars and policymakers looking for informed discussion on the future of gaming. -- Back cover.