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

lucky dip

Gambling; Lottery

A random selection of numbers made by a game computer instead of the player.

lump sum payoff

Gambling; Lottery

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

Mega Number

Gambling; Lottery

A separate drawn number used in SuperLotto Plus of the California Lottery. Players choose 5 numbers from 1 to 47 and a MEGA number from 1 to 27. There are 9 ways to match and win. In fact, you can ...

natural selection

Gambling; Lottery

A selection of numbers made by the player as opposed to a 'Quick Pick' or 'Lucky Dip' selection.

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'.

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 ...