What is a Lottery?
A lottery is an arrangement in which prizes, typically cash or goods, are awarded to persons by a process that relies entirely on chance. Historically, it has been common for governments to hold lotteries as a way to raise money for a variety of public projects.
It is also a popular method of raising revenue for private companies and organizations. Private lotteries can be a fun and exciting way to raise money for a cause that is close to your heart, while offering participants the opportunity to win a great prize. You can choose from a variety of different prizes to suit your needs and the number of people that you want to participate in your lottery.
Generally, the value of a prize is calculated from the total amount of tickets sold, with some lotteries including a fixed percentage of ticket sales in the prize fund (a “percentage draw”). Many lotteries offer a single large prize, while others distribute several smaller ones. The prize fund is usually set by a lottery’s organizers, although some states regulate the size and distribution of prizes.
It is estimated that 50 percent of American adults play the lottery at least once a year. While a small portion of that group is playing for the big jackpot, a larger portion are buying tickets just to get the chance to change their lives. These players are disproportionately lower-income, less educated, and nonwhite. The fact that they are a disproportionate share of the population is one reason why it is easy for politicians to justify advertising the lottery as a way to help those in need.
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Source: This article was originally published on Village San Clemente
About the Agent
Jim Flores is an accomplished real estate professional providing services as both agent and broker for over 13 years. His extensive knowledge of the Southern California real estate & mortgage market has allowed him to provide an outstanding level of client satisfaction to his clientele. As co-founder founder of Sea Sell Realty Jim is committed to personalized service. His goal is to exceed client needs by applying his expertise to all aspects of the real estate industry including sales, property management, consulting, training and real estate technology. For example, Jim’s use of technology benefits his clients by utilizing tools that make transactions client friendly: electronic signing, social media ads, paper less transactions and iPad essentials.
Offering expert Home Buying and Selling Real Estate Services in: San Clemente, The Pier Bowl, Laguna Niguel, Dana Point.
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