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English definition of “lottery”

lottery

noun     /ˈlɒtəri/ (plural lotteries)
[C] a game of chance , often organized by the government to raise money , in which people win cash if they have bought a winning ticket : The council applied for a £40m grant from the national lottery to redevelop local facilities .lottery ticket/jackpot/winner Last night's national lottery jackpot of €2.8m was won by two lucky ticket-holders.lottery funding/money/revenue The state is expected to have $15.6 billion in general fund and lottery revenues for the two-year budget period .
[S] something that is affected by luck rather than being controlled by a fair process : With interest rates rising , some people feel that the property market is a bit of a lottery at the moment .
(Definition of lottery noun from the Cambridge Business English Dictionary © Cambridge University Press)
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