ANS. The Oxford Learners Dictionary defines Lottery as “a way of raising money for government and charity”.
However, the National lottery Act 2005, defines Lottery or Lotteries to include any game, scheme, arrangement, system, plan, promotional competition, or device for the distribution of prizes by lot or chance or as a result of exercise of skill and chance or based on the outcome of sporting events or any other device which the President may by notice in the gazette declare to be lottery and which shall be operated according to a licence.
It is a game of luck involving drawing of lot for a prize.
It is a strategy for fund raising for Good Causes. For example, the Great Wall of China and some Ivy League Universities like Harvard & Yale were built using Lottery funds. The 2012 Olympic was 50% funded by Lottery Funds.