Meaning of “sweepstake” in the English Dictionary

british dictionary

"sweepstake" in British English

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sweepstakenoun [ C ]

uk /ˈswiːp.steɪk/ us /ˈswiːp.steɪk/ informal sweep, US sweepstakes, sweeps

a type of gambling, often on a horse race, in which people pay a small amount of money and choose a particular horse, team, etc. The person who chooses the winning horse, team, etc. receives all the money paid by everyone else.

(Definition of “sweepstake” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)