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

Box bet

Gambling; Lottery

A way of betting a three or four digit number that will pay off if those three or four numbers are drawn in any order. For example 245, 452, 425 would win if the selected number is 542.

Breakopen

Gambling; Lottery

An instant-win ticket on which the player tears open a flap to see if the ticket is a winner. Breakopens are often sold by charities and occasionally by state lotteries.

Boxed

Gambling; Lottery

A way of betting a three or four digit number that will pay off if those three or four numbers are drawn in any order. For example 245, 452, 425 would win if the selected number is 542.

Cash option

Gambling; Lottery

A large jackpot that the winner elects to receive as a lump sum cash payment rather than an annuity over several years.

Cash payoff

Gambling; Lottery

A lottery prize that will be paid out all at one time, rather than over several years.

Boxing

Gambling; Lottery

A system used to play more digits than what can be normally played in a three or four digit numbers game.

Super Lotto Plus

Gambling; Lottery

Super Lotto Plus is a large payoff game with jackpots ranging from $7 million to $50 million or more. The jackpot rolls over and grows whenever there is no winner. The game is played with the player ...