Bingo

Bingo

A game of chance in which each player has one or more cards printed with differently numbered squares on which to place markers when the respective numbers are drawn and announced by a caller. The first player to mark a complete row of numbers is the winner.

Industry: Games

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Bingo

annuity

Games; Bingo

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, ...

cash option

Games; Bingo

A large jackpot that the winner elects to receive as a lump sum cash payment rather than an 'Annuity' (see above) over several years.

cash payoff

Games; Bingo

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

combo

Games; Bingo

A way of betting a three digit number that covers all possible combinations of sequences.

online game

Games; Bingo

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 ...

commission

Games; Bingo

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.

daily game

Games; Bingo

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.