System and method for applying lottery multipliers
1 Assignment
0 Petitions
Accused Products
Abstract
A system, method, and ticket for a lottery player to increase a payout received for winning a lottery game is disclosed. A request to purchase a set of play indicia (e.g. lottery numbers) and to associate the play indicia with a multiplier is received from a player. Data relating to the set of play indicia and data identifying the multiplier are stored in a memory where they are logically associated with each other. A purchase price is determined for the multiplier based upon various factors including the expected value of the multiplier as applied to a lottery ticket. The set of play indicia may be for a drawing-type lottery game and/or an instant-type lottery game and may be defined by characters and/or other representations. An embodiment of the present invention also includes a computer system having a memory for storing data related to the lottery game and having a processor in communication with the memory. The processor is operative to store data in the memory identifying a first set of play indicia, a second set of play indicia, and a multiplier. Further, the processor is operative to associate the first set of play indicia and second set of play indicia with the multiplier and calculate a purchase price for the multiplier. Further, the processor is operative to apply the multiplier to redemption values of one or more sets of play indicia associated with the multiplier according to various different algorithms to compute a payout amount to award a lottery player.
42 Citations
136 Claims
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1-68. -68. (Cancelled)
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69. An apparatus, comprising:
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a storage device; and
a processor in communication with the storage device, the storage device storing a program for controlling the processor; and
the processor operative with the program to;
determine a price for eligibility for a multiplier option, wherein a magnitude of a multiplier is determined at random;
receive a request to purchase a set of play indicia;
receive a request to purchase eligibility for the multiplier option;
associate the play indicia with the multiplier, wherein the multiplier is not applied to the set of play indicia if a redemption value of the set of play indicia exceeds a certain value; and
price a lottery ticket based on the price for eligibility for the multiplier option and a price of the associated play indicia. - View Dependent Claims (70, 71, 72, 73, 74, 75, 76, 77, 78, 79, 80, 81, 82, 83, 84, 85, 86, 87, 88, 89, 90, 91, 92, 93, 94, 95, 96, 97, 98)
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99. An apparatus, comprising:
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a storage device; and
a processor in communication with the storage device, the storage device storing a program for controlling the processor; and
the processor operative with the program to;
determine a price for eligibility for a multiplier option, wherein a magnitude of a multiplier will be determined at random;
receive a request to purchase eligibility for the multiplier option and an associated set of play indicia, wherein the multiplier is not to be applied to the set of play indicia if a redemption value of the set of play indicia exceeds a certain value; and
determine a price for a lottery ticket associated with the multiplier and the associated set of play indicia.
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100. An apparatus, comprising:
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a storage device; and
a processor in communication with the storage device, the storage device storing a program for controlling the processor; and
the processor operative with the program to;
receive a request to purchase a plurality of sets of play indicia and eligibility for a multiplier option, wherein a magnitude of a multiplier is won;
associate the plurality of sets of play indicia with the multiplier option, wherein the multiplier is not to be applied to the sets of play indicia if a redemption value of the set of play indicia exceeds a certain value; and
determine a price for the multiplier option based upon at least the multiplier option including a multiplier with a randomly selected magnitude and a quantity of the plurality of sets of play indicia associated with the multiplier option.
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101. An apparatus, comprising:
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a storage device; and
a processor in communication with the storage device, the storage device storing a program for controlling the processor; and
the processor operative with the program to;
determine an expected value of a multiplier option wherein the multiplier option includes a multiplier having a magnitude that will be determined at random in conjunction with a lottery drawing; and
receive a request to purchase the multiplier option at a price based on the expected value, wherein the multiplier includes an undetermined magnitude at the time of the request and can be applied to a redemption value of at least one set of play indicia, wherein the multiplier is not to be applied to the at least one set of play indicia if the redemption value of the set of play indicia exceeds a certain value.
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102. An apparatus, comprising:
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a storage device; and
a processor in communication with the storage device, the storage device storing a program for controlling the processor; and
the processor operative with the program to;
determine a price for eligibility for a multiplier option, wherein a magnitude of a multiplier is to be determined at random;
receive a request to purchase play indicia;
receive a request to purchase eligibility for the multiplier option;
associate the play indicia with the multiplier option;
price a lottery ticket based on the price of the multiplier option and a price of the associated play indicia;
execute a lottery drawing;
determine, randomly, the magnitude of the multiplier;
determine a prize based on the result of the lottery drawing, the magnitude of the multiplier, and the play indicia, wherein the multiplier is not applied in the determination of the prize if an initial value of the prize exceeds a predetermined value; and
associate the prize with the play indicia.
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103. A computer-readable medium encoded with a program for directing a computing device to perform a method, the method comprising:
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determining a price for eligibility for a multiplier option, wherein a magnitude of a multiplier is determined at random;
receiving a request to purchase a set of play indicia;
receiving a request to purchase eligibility for the multiplier option;
associating the play indicia with the multiplier, wherein the multiplier is not to be applied to the set of play indicia if a redemption value of the set of play indicia exceeds a certain value; and
pricing a lottery ticket based on the price for eligibility for the multiplier option and a price of the associated play indicia. - View Dependent Claims (104, 105, 106, 107, 108, 109, 110, 111, 112, 113, 114, 115, 116, 117, 118, 119, 120, 121, 122, 123, 124, 125, 126, 127, 128, 129, 130, 131, 132)
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133. A computer-readable medium encoded with a program for directing a computing device to perform a method, the method comprising:
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determining a price for eligibility for a multiplier option, wherein a magnitude of a multiplier will be determined at random;
receiving a request to purchase eligibility for the multiplier option and an associated set of play indicia, wherein the multiplier is not to be applied to the set of play indicia if a redemption value of the set of play indicia exceeds a certain value; and
determining a price for a lottery ticket associated with the multiplier and the associated set of play indicia.
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134. A computer-readable medium encoded with a program for directing a computing device to perform a method, the method comprising:
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receiving a request to purchase a plurality of sets of play indicia and eligibility for a multiplier option, wherein a magnitude of a multiplier is determined at random;
associating the plurality of sets of play indicia with the multiplier option, wherein the multiplier is not to be applied to the sets of play indicia if a redemption value of the sets of play indicia exceeds a certain value; and
determining a price for the multiplier option based upon at least the multiplier option including a multiplier with a randomly selected magnitude and a quantity of the plurality of sets of play indicia associated with the multiplier option.
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135. A computer-readable medium encoded with a program for directing a computing device to perform a method, the method comprising:
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determining an expected value of a multiplier option wherein the multiplier option includes a multiplier having a magnitude that will be determined at random in conjunction with a lottery drawing; and
receiving a request to purchase the multiplier option at a price based on the expected value, wherein the multiplier includes an undetermined magnitude at the time of the request and can be applied to a redemption value of at least one set of play indicia, wherein the multiplier is not to be applied to the at least one set of play indicia if the redemption value of the at least one set of play indicia exceeds a certain value.
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136. A computer-readable medium encoded with a program for directing a computing device to perform a method, the method comprising:
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determining a price for eligibility for a multiplier option, wherein a magnitude of a multiplier is to be determined at random;
receiving a request to purchase play indicia;
receiving a request to purchase eligibility for the multiplier option;
associating the play indicia with the multiplier option;
pricing a lottery ticket based on the price of the multiplier option and a price of the associated play indicia;
executing a lottery drawing;
determining, randomly, the magnitude of the multiplier;
determining a prize based on the result of the lottery drawing, the magnitude of the multiplier, and the play indicia, wherein the multiplier is not applied to the determination of the prize if an initial value of the prize exceeds a certain value; and
associating the prize with the play indicia.
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Specification