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

Pari-mutuel

Gambling; Lottery

A common method of payoffs that splits the total available money between all winners of a particular prize level.

Parimutuel

Gambling; Lottery

A common method of payoffs that splits the total available money between all winners of a particular prize level.

Pairs

Gambling; Lottery

A three digit number bet whose any one pair of the first two digits, last two digits, and in some cases the first and last digit appear on the drawn number.

Net machine income

Gambling; Lottery

The money played at a video lottery terminal minus the prizes won at that terminal.

No-match numbers

Gambling; Lottery

A 3 or 4 digit number that contains no double digits as in the 'Double' or 'Double-Double'.

Cash lotto

Gambling; Lottery

A lotto game awarded as a lump-sum cash payment. Cash lotto games typically have a smaller top prize than large jackpot games, more favourable odds of winning the top prize, and require players to ...

Pulltabs

Gambling; Lottery

A game similar to the lottery game. Tickets sell for 25 cents or 50 cents or even more and typically offer prizes ranging from free tickets to $500. Each ticket has perforated windows which open ...