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lottery calif

Comprehensive Analysis

1) "Lottery" -- As to lottery calif lot·tery Pronunciation: 'lä-t&-rE also 'lä-trE Function: noun Inflected Form(s): plural -ter·ies Usage: often attributive Etymology: Middle French loterie, from Middle Dutch, from lot lot; akin to Old English hlot lot 1 a : a drawing of lots in which prizes are distributed to the winners among persons buying a chance b : a drawing of lots used to decide something 2 : an event or affair whose outcome is or seems to be determined by chance Pronunciation Symbols For other articles concerned with Lotteries see Lottery (disambiguation). A lottery is a popular form of gambling which involves the drawing of lots for a prize. Some governments forbid it, while others endorse it to the extent of organizing a national lottery. It is common to find some degree of regulation of lottery by governments. The first signs of a lottery trace back the Han Dynasty between 205 and 187 B.C., where ancient Keno slips were discovered. The lottery has helped finance major governmental projects like the Great Wall of China. Lotteries come in many formats. boom The prize can be fixed cash or goods. In this format there is risk to the organizer if insufficient tickets are sold. The prize can be a fixed percentage of the receipts. A popular form of this is the "50-50" draw where the organizers promise that the prize will be 50% of the revenue. The prize may be guaranteed to be unique where each ticket sold has a unique number. Many recent lotteries allow purchasers to select the numbers on the lottery ticket resulting in the possibility of multiple winners. Lotteries are most often run by governments or local states and are sometimes described as a regressive tax, since those most likely to buy tickets will typically be the less affluent members of a society. The astronomically high odds against winning have also led to the epithets of a "tax on stupidity" or "math tax." The phrase is largely rhetorical (playing the lottery is voluntary; taxes are not), but it is intended to suggest that lotteries are governmental revenue-raising mechanisms that will attract only those consumers who fail to see that the game is a very bad deal. Indeed, the desire of lottery operators to guarantee themselves a profit requires that a lottery ticket be worth substantially less than what it costs to buy. After taking into account the present value of the lottery prize as a single lump sum cash payment, the impact of any taxes that might apply, and the likelihood of having to share the prize with other winners, it is not uncommon to find that a ticket for a typical major lottery is worth less than one third of..." 2) "Calif" -- As to lottery calif Calif Function: abbreviation California Pronunciation Symbols Calif may refer to: Caliph Abbreviation of California Calif, A subsidiary company of French bank Société Générale ..." 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