20:49
THATS SO FUNNY
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Simple English definitions for legal terms
Genoese lottery
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A quick definition of Genoese lottery:
Genoese Lottery: A type of lottery where players buy tickets and choose numbers from a range of 90. Five numbers are then drawn at random, and players win if they have chosen one or more of the winning numbers. This type of lottery started in Genoa around 1530 and is also called a number or numerical lottery.
A more thorough explanation:
A Genoese lottery is a type of lottery that originated in Genoa in about 1530. It involves selling tickets and drawing five numbers out of 90 consecutive numbers. Players wager on one or more of the numbers they have chosen, and those who hold tickets with winning numbers receive prizes, usually large cash prizes.
For example, if a player chooses the numbers 5, 12, 27, 63, and 88 and any of those numbers are drawn, they win a prize.
The Genoese lottery is also known as a number lottery or numerical lottery. It is a method of raising revenues, especially for state governments, by selling tickets and giving out prizes to winners. This type of lottery is different from a Dutch lottery, which involves drawing tickets from classes with fixed and increasing prizes.