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Lottery is a form of gambling that has been around for a long time. The game of lottery has received both criticisms and praise from the public and governments in double measure. While other similar forms of gambling have disappeared with changing technology, lottery has retained its intensity even when gamers utilize technology to come up with advanced types of lottery games. Though many people continue to benefit from the activities of lottery, some have also lost millions of dollars to frauds that are operating in the name of lottery. More people play gambling games online that promise to change participants into instant millionaires. Eventually, they lose money to these fraudsters. The paper discusses two types of lottery games with the help of contrast and comparison analysis.
Technology has influenced the way lottery games are played in many parts of the world. With the use of technological tools like the Internet, it is now possible to participate not only in a national lottery, but also a foreign one, where people across the world can win prizes. The use of technological advances has transformed lottery from the mere raffle tickets to complicated systems, when participants have no idea how the system works. Contemporary lottery offers participants opportunities to choose either quick pick or lucky numbers depending on their proximity to the organization of the lottery. Modern lottery is therefore as a gambling game that is full of different forms of systems used to get money from unsuspecting and ignorant people. The paper compares and contrasts two forms of lottery - the instant ticketing and the draw lottery.
The Growth of Lottery as a Gambling Game
The rate at which state sponsored lotteries are receiving acceptance from the public has led to a number of new games added to already versatile lottery industry. Only in the United States, more than 43 states are operating state-owned lottery organizations. Researches into the lottery industry indicate that sales from lottery in 2010 were over 58 billion dollars with the state governments retaining 31% of the money for education, infrastructure and other social programs (Garrett, 2011). The ever-evolving products that are designed to entice and retain customers through prizes like jackpots have necessitated the increase in lottery services. The increasing popularity of lottery games has also led to the rise of fraudsters, especially on the Internet. With hindsight, they swindle people out of their money in behalf of lottery games, whose real purpose is to get money from the public.
Similarities between Instant Ticketing and Draw Lotteries
Instant ticketing also known as scratch and win is a form of lottery where a participant has the opportunity to win instant prizes upon the purchase of a ticket. Like a draw lottery, participant of the instant ticketing lottery has only one chance to win a prize. Consequently, if the ticket is not chosen as a winning one, it cannot be used again in the next draw. Instant ticketing and draw lottery are both used in online gaming where participants can win prizes through online purchase of the tickets (Garrett, 2011).
Another similarity between the two forms of lottery gaming is that the advent of technology and modern communication networks have helped to advance them to online platforms where remote selling of tickets is done. The age of the participant is an important factor to be taken into consideration when it comes to lottery games. However, instant ticketing and draw lottery do not put a restriction on the age limit of people who may participate in the game. Unlike other forms of gambling, where the age is under serious consideration, draw lottery and instant ticketing allows children and adults from any nation around the world to buy tickets and stand a chance of winning. The participant cannot claim for a refund after the purchase of the ticket. Both instant ticketing and draw lotteries have low prices ranging from 1 to 10 dollars, which enables people to purchase the tickets. Highly priced instant tickets and draws can be claimed either in cash or as annuity, when the winner can chose the annual payment system that suits them.
Contrasting Instant Ticketing and Draw Lottery
The main difference between instant ticketing and draw lotteries is that in draw lotteries the participants know in advance the prizes that they are likely to win. This information is revealed to the person wishing to participate in the lottery before even making the purchase thereforemakes the venture more alluring and enticing. Draw lotteries also take place after a certain period like week, month year or even during special events such as Christmas and New Year celebrations. In contrast, instant ticketing gives the participant an opportunity to immediately win prizes (Reed, 2011). There is no limitation to the number of people, who may take part either the instant ticketing or a lottery. A notable difference between the two forms of lottery is that draw lottery involves larger number of people.
Another difference between instant ticketing and draw lotteries is that the instant ticketing uses scratch cards where the number on the card is hidden. Subsequently, the participant is only required to scratch the ticket after buying and see if they have won a prize. In a draw lottery, the participant is given a ticket with a number but does not know the people in charge of the lottery, who will announce the winning number. Similarly, in a draw lottery the prizes to be won are announced to the people who wish to participate well in advance whereas instant ticketing does not give people the opportunity to see what they are going to win. Therefore, the prizes that people win might be far below the cost of the ticket (Kearney, 2005).
Nevertheless, lottery has helped many institutions, including charities and governments to invest funds into their programs and develop infrastructures. With an increasing popularity of the lotteries and people’s need to win prizes, lotteries will continue to evolve by transforming into more elaborate systems that are attractive to the consumers. However, the basic factor behind any lottery game is to generate more money to the institution that is running the lottery. Therefore, the chances of winning a lottery prize will continue to reduce even when more people become interested in playing lottery games.