An official lottery is a system operated by a governmental entity to raise funds for public projects. The money is used to improve infrastructure or finance colleges and libraries.
Some state lotteries have approved online sales. Georgia was one of the first states to offer online lottery tickets. The GA Lottery launched major drawing sales in 2012, with tickets available for purchase online.
Generally, a lottery is a game with a fixed prize. The prize is paid in either an annuity or a one-time payment. A one-time payment is usually less than the advertised jackpot when taking into account the time value of the money.
The lottery may be funded by a government or a non-governmental organization. In some cases, the lottery is an alternative to raising taxes. Generally, the lottery will have a commission. This commission is usually selected by the governor of the state.
The lottery has three components for the player: the numbers, the odds of winning, and the chance of winning. There are various lottery games, such as the Five-Digit Game and Pick 5. Typically, the prize structure is fixed.
The Connecticut Lottery Corporation is a state lottery that operates in Connecticut. The Corporation was established by Connecticut Public Act 96-212. The Corporation is headed by the President of the Corporation.