Lottery

Lottery

A lottery is a form of gambling which involves the drawing of lots for a prize. It usually involves the organizer selling a large amount of numbered tickets and conducting draw to select the winning numbers. Lotteries are usually run to raise revenue in addition to taxes by government agencies.

Industry: Gambling

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Lottery

Passive game

Gambling; Lottery

A lottery game similar to a raffle where a player buys a ticket with preprinted numbers. The lottery later randomly draws numbers that are compared to the players' tickets to determine the winners.

Punch board

Gambling; Lottery

Another lottery-type game. The player punches out a slot on a board for a chance to win a merchandise prize. Punch boards offering cash prizes are also common.

Rollover

Gambling; Lottery

An event that occurs when the lottery jackpot or a jackpot game is not won. The jackpot thus 'rolls over' to the next drawing, resulting in a bigger jackpot for that drawing.

Quad

Gambling; Lottery

A four-digit number consisting of the same number. Example; 1111.

Straight

Gambling; Lottery

A bet of 3 or 4 numbers that must be drawn in the exact order. The player attempts to match both the numbers drawn and the order in which they are selected. For example, if the numbers 1, 2, 3 are ...

Daily game

Gambling; Lottery

This can refer to any game where winners are determined once a day, but usually refers to a numbers game such as the 'Daily 3' or 'Daily 4' games played in many states.

Commission

Gambling; Lottery

The fee paid to retail outlets for selling lottery tickets. Commissions in North America typically range between 5 percent and 6 percent of the price of the ticket.