How is Online Lottery defined in a legal contract?
- Online Lottery means a game connected to a central computer through a telecommunications network where a player picks a number or symbol, or group of numbers or symbols from a preset range, with a winning ticket determined by chance. Seen in 7 SEC filings.
- Online Lottery means a system set up to allow players to purchase lottery tickets generated by a computer or online machine at lottery terminals. Information about the sale of a ticket and the player's choice of specific numbers or a combination of numbers is simultaneously recorded with a central computer server. Seen in 5 SEC filings.
- Online Lottery means a lottery conducted by accepting bets from participants via telecommunication tools and software used to gather, register, store, and process information about accepted lottery bets. It also documents and transmits the results of the prize draw. Seen in 3 SEC filings.
- Online Lottery means a lottery conducted by accepting bets from participants through telecommunication, using software and hardware, which collects, registers, stores, and processes information. It uses a set of software and hardware which records and transmits the results of the prize draw as well. Seen in 2 SEC filings.
- Online Lottery means a game linked to a central computer through a telecommunications network. Seen in 2 SEC filings.
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for 'Definitions of online lottery' yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
Online Lottery means a game connected to a central computer for choosing numbers or symbols, with winners determined by chance.
Relevant Contract Types
- Online Gaming Agreement
- Software Licensing Agreement
- Terms and Conditions of Use
- Data Sharing Agreement
Relevant Circumstances
- Startups launching an online lottery platform
- Existing gaming companies exploring the online lottery market.
- Tech companies developing software for online lotteries.
- Telecommunication companies providing services to maintain the platform's network integrity.
Relevant Sectors
Genie Definition 2
Online Lottery means a system using software and hardware to accept, record, and transmit lottery bets and prize draw results.
Relevant Contract Types
Relevant Circumstances
- Business entities establishing an online lottery system
- Software developing companies contracted to create the online lottery system.
- Companies providing data analysis and processing services for the received online lottery bets.
Relevant Sectors
Online Lottery means a game connected to a central computer for choosing numbers or symbols, with winners determined by chance
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