Company: Others
Created by: federica.masante
Number of Blossarys: 31
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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 installments over several years, ...
A large jackpot that the winner elects to receive as a lump sum cash payment rather than an 'Annuity' (see above) over several years.
A lottery prize that will be paid out all at one time, rather than over several years.
A way of betting a three digit number that covers all possible combinations of sequences.
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.
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.
