13:09
had to happen
Warning
Info
Warning
Info
LSDefine
Simple English definitions for legal terms
class lottery
Read a random definition: common-law mortgage
A quick definition of class lottery:
A class lottery is a way of raising money by selling tickets and giving prizes to the people who hold tickets with winning numbers that are drawn at random. In a Dutch lottery, tickets are drawn from different classes, and the number and value of prizes increase with each class. This type of lottery originated in Holland in the 16th century. Another type of lottery is the Genoese lottery, where players choose numbers and wager that one or more of their chosen numbers will be drawn from a set of 90 consecutive numbers. This type of lottery originated in Genoa in about 1530.
A more thorough explanation:
A class lottery is a type of lottery where tickets are drawn from different classes, and the number and value of prizes increase with each class. This type of lottery originated in Holland in the 16th century.
For example, in a class lottery, there may be different classes of tickets, such as A, B, and C. The prizes for class A may be smaller than the prizes for class B, and the prizes for class B may be smaller than the prizes for class C. The winners are chosen at random from each class.
Another example of a lottery is the Genoese lottery, which originated in Genoa in about 1530. In this type of lottery, out of 90 consecutive numbers, five are drawn by lot, and players wager that one or more of the numbers they have chosen will be drawn.
Lotteries are a method of raising revenues, especially for state governments, by selling tickets and giving prizes to those who hold winning tickets. Lotteries are also known as lotto.