Lottery 

Countries with a national lottery

• Belgium: Loterie Nationale or Nationale Loterij
• Canada: Lotto 6/49 and Super 7
• France: La Française des Jeux
• United Kingdom: The National Lottery
• Yugoslavia: Narodna Lutrija

Lotteries come in many formats. The prize can be fixed cash or goods. In this format there is risk to the organizer if insufficient tickets are sold. The prize can be a fixed percentage of the receipts. A popular form of this is the "50-50" draw where the organizers promise that the prize will be 50% of the revenue. The prize may be guaranteed to be unique where each ticket sold has a unique number. Many recent lotteries allow purchases to select the numbers on the lottery ticket resulting in the possibility of multiple winners.

Lotteries have been referred to as a "tax on stupidity" by social commentators as the odds of winning are astronomically low. Given the payoff structure, the maximum "revenue to risk ratio" occurs with the purchase of a single ticket; purchasing additional tickets doesn't proportional increase the expected value of the total purchase.

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