- lottery lot‧te‧ry [ˈlɒtəri ǁ ˈlɑː-] noun lotteries PLURALFORM1. [countable] a game of chance in which people buy tickets with numbers on and some people win prizes. Lotteries are often used to raise money for the government or for a charity:
• The national lottery generates substantial additional funds for charities and other good causes.
• a lottery winner2. [singular] when what happens depends on chance or luck:
• The stock market is too much of a lottery.
* * *lottery UK US /ˈlɒtəri/ noun (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.
Financial and business terms. 2012.