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From: Webster's Revised Unabridged Dictionary (1913)

 Lot·ter·y n.; pl. Lotteries
 1. A scheme for the distribution of prizes by lot or chance; esp., a gaming scheme in which one or more tickets bearing particular numbers draw prizes, and the rest of the tickets are blanks. Fig.: An affair of chance.
 Note:The laws of the United States and of most of the States make private lotteries illegal, except in certain circumstances for charitable institutions; however, many of the states now conduct lotteries tehmselves as a revenue source.
 2. Allotment; thing allotted. [Obs.]