9911796707
TMI Blog'Betting and gambling' and 'lotteries'X X X X Extracts X X X X X X X X Extracts X X X X ..... has been described as follows: "Putting a stake on something of value, particularly money with consciousness of risk and hope of gain on the outcome of a game or a contest, whose result may be determined by chance or accident, or on the likelihood of anything occurring or not occurring." (iii) In Words and Phrases (Permanent Edition) Vol. 25-A at page 439 a 'lottery' has been defined to mean 'a species of gambling.' At page 444, it has been stated as follows: "The term 'lottery' as popularly and generally used referring to a gambling scheme in which chances are sold or disposed of for value and the sums thus paid are hazarded in the hope of winning a much larger sum, a scheme for the distribution for the distribution of prizes by chanc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... chance' is itself synonymous to a gamble. Therefore, it may be concluded that lottery is one such activity which requires a participant to take a chance or to gamble. Any form of contest for a prize that does not fall within the definition of either betting, gaming or a lottery is defined as a 'prize competition' which is also subject to legal control. B. Some Recent Writings : (i) According to the House of Lords Select Committee Report on 'the Social and Economic Impact of the Gambling Industry' (Report of Session 2019-21), gambling is a general expression which can include different types of gambling viz., betting, gaming and lotteries. Betting is defined as making or accepting a bet on: * (i) the outcome of a race, competition or o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... at- "lotteries represent one of the oldest and most common forms of gambling around the world. That lotteries involve the sale by an organising body, typically the government but also occasionally private businesses or charities, of a ticket, giving the possessor, a potential monetary reward. Lotteries differ from casinos in that lottery ticket sales generally do not take place at a location specifically set aside for gambling, and modern lotteries are usually operated by governments instead of private firms. It is further observed that lotteries are of particular interest to scholars for a variety of reasons. First, they represent an important source of government revenue in many States and countries, so they are of interest to publ ..... X X X X Extracts X X X X X X X X Extracts X X X X
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