20:55
MIAMI A
Warning
Info
Warning
Info
LSDefine
Simple English definitions for legal terms
Dutch lottery
Read a random definition: CIA
A quick definition of Dutch lottery:
The Dutch Lottery is a type of lottery where tickets are drawn from different classes, and the number and value of prizes increase with each class. It originated in Holland in the 16th century. A lottery is a way of raising money, usually by selling tickets and giving large cash prizes to those who hold tickets with winning numbers that are drawn at random. 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 Dutch lottery is a type of lottery where 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.
For example, in a Dutch lottery, there may be multiple classes of tickets, with each class having a different set of prizes. As the classes progress, the prizes may become larger and more valuable. This encourages people to buy more tickets and participate in the lottery.
Another example of a historical 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 each player wagers that one or more of the numbers they have chosen will be drawn.
These examples illustrate how lotteries work by selling tickets and giving prizes to those who hold tickets with winning numbers that are drawn at random. Lotteries are often used as a method of raising revenues, especially for state governments.