Legal Definitions - class lottery

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.