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

off-line game

Gambling; Lottery

A game that does not require the use of a computer terminal for purchase. Instant and passive games are examples of off-line games.

online game

Gambling; Lottery

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 ...

overdue

Gambling; Lottery

A digit that has not been drawn in more days than the norm. These numbers are favored because they can only reach normality by being drawn.

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.

parimutuel

Gambling; Lottery

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

pari-mutuel

Gambling; Lottery

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

passive game

Gambling; Lottery

A lottery game similar to a raffle where a player buys a ticket with preprinted numbers. The lottery later randomly draws numbers that are compared to the players' tickets to determine the winners.