Lottery

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Dictionary Says

Definition of 'Lottery'

A game of chance, where winners are typically decided by a drawing. Lotteries can be used in decision-making situations, such as sports drafts and allocation of scarce medical treatment, but are most commonly used in the popular form of gambling, financial lotteries. The financial lottery is a game where players select a group of numbers and win prizes based on how they match the drawn results.
Investopedia Says

Investopedia explains 'Lottery'

The winner of a financial lottery will often have the choice of taking a lump-sum payment or annual installments. The lump-sum choice is attractive to most people, because of the time value of money; a dollar is worth more when it is received now than when it is received in the future. But it is also for this reason that you will receive a lower dollar amount than the sum of the future installments.

A prudent lottery winner would consult a financial professional before accepting an offer to liquidate their installment lottery winnings.
Search results for

'Lottery'

  • Is The Lottery Ever Worth Your Money? - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1011/Is-The-Lottery-Ever-Worth-Your-Money.aspx
    ... Is The Lottery Ever Worth Your Money? ... The lottery is just one of those fun things
    that we do as a way to try and beat the odds and strike it rich, right? ...

  • The Lottery: Is It Ever Worth Playing? - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1210/The-Lottery-Is-It-Ever-Worth-Playing.aspx
    ... The Lottery: Is It Ever Worth Playing? ... Filed Under: Personal Finance, Savings.
    Feeling lucky? You'd better be if you play the lottery. ...

  • Winning The Jackpot: Dream Or Financial Nightmare?

    http://www.investopedia.com/articles/pf/08/jackpot.asp
    ... winnings. Lottery After winning the lottery, you'll have to decide whether
    to take the payment as a lump sum or an annuity. You ...

  • 6 Hidden Government Revenue Streams - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0510/6-Hidden-Government-Revenue-Streams.aspx
    ... A study by the North American Association of State and Provincial Lotteries found
    that lottery sales raised $52.6 billion dollars for states in 2005. ...

  • 10 Ways To Reach The Top 1% - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1111/10-Ways-To-Reach-The-Top-1.aspx
    ... Don't Play the Lottery There's a reason the lottery is often referred to as a tax
    on the poor. You won't get rich playing the lottery or gambling on anything. ...

  • The Skinny On Canadian Sports Lotteries - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1010/The-Skinny-On-Canadian-Sports-Lotteries.aspx
    ... In the fiscal year ending in March, 2009 Ontario lottery revenues from all sources -
    slots, lotteries, sports lotteries, scratch-and-win tickets - topped $3.8 ...

  • Micro-cap Stocks Often Overlooked

    http://stocks.investopedia.com/stock-analysis/2010/Micro-cap-Stocks-Often-Overlooked-PPCO-DXCM-IWC-TMRK-SPRT-PZI-FDM0625.aspx
    ... the lottery stocks. I refer to them as lottery stocks because when an investor buys
    a micro-cap stock, it can be considered similar to buying a lottery ticket. ...

  • Betting On March Madness? Watch Out For The Tax Man - Investopedia ...

    http://financialedge.investopedia.com/financial-edge/0311/Betting-On-March-Madness-Watch-Out-For-The-Tax-Man.aspx
    ... This includes money won through any form of gambling, including sports betting like
    those on March Madness games, lottery tickets, horse races, casino games ...

  • 3 Bonds You May Have Never Heard Of

    http://www.investopedia.com/articles/bonds/09/lesser-known-bonds.asp
    ... SEE: Investing In Emerging Market Debt Lottery Bonds Lottery bonds are a type of
    government bond that has a chance to be randomly redeemed at a value that is ...

  • 4 Fatal Financial Fantasies

    http://www.investopedia.com/articles/pf/09/financial-myths-fantasies.asp
    ... 2. I'll win the lottery. You already know how low the odds of winning the
    lottery are, but millions of people play it every day. ...

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