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

Annuity

Gambling; Lottery

It is like a mortgage. Lotteries sometimes use annuities to create higher jackpots than they have the cash for. An annuity backed jackpot winner collects the money in instalments over several years, ...

Bonus ball

Gambling; Lottery

A seventh ball drawn in the UK National Lottery. Matching 5 numbers and the 'Bonus Ball' wins the second highest prize.

Agent

Gambling; Lottery

A retail outlet that sells lottery tickets on behalf of the lottery organizers.

Numbers game

Gambling; Lottery

This term can be used for any lottery game where winners are determined by a random draw of numbers. However, it is often used more specifically for a game where a player selects three or four digits ...

Online game

Gambling; Lottery

A game where tickets are purchased through a network of computer terminals located at retail outlets. The terminals are linked to a central computer that records the wagers. Examples of online games ...