lottery

lottery. A method of raising revenues, esp. state-government revenues, by selling tickets and giving prizes (usu. large cash prizes) to those who hold tickets with winning numbers that are drawn at random.

— Also termed lotto. [Cases: Lotteries

3. C.J.S. Lotteries §§ 2–7, 11.]

Dutch lottery. A lottery in which tickets are drawn from classes, and the number and value of prizes are fixed and increasing with each class. • This type of lottery originated in Holland in the 16th century.

— Also termed class lottery.

Genoese lottery (jen-oh-eezor -ees). A lottery in which, out of 90 consecutive numbers, five are drawn by lot, each player wagering that one or more of the numbers they have chosen will be drawn. • This type of lottery originated in Genoa in about 1530.

— Also termed number lottery; numerical lottery.

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词条贡献者

译者Terence，毕业于国内顶尖法学院，擅长翻译各种与复杂结构性融资相关的法律文件。