File ITR, invest & save upto
₹46,800 in taxes on the go
0% commission • Earn upto 1.5% extra returns
Reviewed by Nov 18, 2022| Updated on
A lottery is a game involving the selling of numbered tickets. People who wish to participate in a game of lottery can buy the ticket.
A lottery is a game of chance to win a designated prize. The people participating in a lottery have a chance of winning a prize. A lottery may also be used to raise funds for charity.
The process of the lottery is also used in decision making. In a situation where the resources are limited, a choice is made by giving a fair chance to everyone. The concept of the lottery is implemented, and a ticket is picked up randomly. The process may also be used to fill a vacancy in a sports team among equally competing players, placements in a school or university and so on.