SYSTEM AND METHOD FOR APPLYING LOTTERY MULTIPLIERS

• US 20060246997A1
• Filed: 06/21/2006
• Published: 11/02/2006
• Est. Priority Date: 03/14/2000
• Status: Active Grant

• Current Assignee: Multi-State Lottery Association
• Original Assignee: Daniel E. Tedesco, James Jorasch, Jay S. Walker, John M. Packes, Magdalena Mik, Stephen C. Tulley, Steven M. Santisi
• Inventors: Jorasch, James A., Tedesco, Daniel E., Tulley, Stephen C., Santisi, Steven M., Walker, Jay S., Mik, Magdalena, Packes, John M. Jr.
• Granted Patent: US 7,641,548 B2
• Time in Patent Office: Days
• US Class Current: 463/17
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G07C 15/006 electronically
• CPC Class Codes: G07F 17/32 for games, toys, sports, or amusements
• CPC Class Codes: G07F 17/3244 Payment aspects of a gaming system, e.g. payment schemes, setting payout ratio, bonus or consolation prizes
• CPC Class Codes: G07F 17/329 Regular and instant lottery, e.g. electronic scratch cards

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.

Claims

1. A method of processing lottery ticket sales comprising the steps of:

receiving a request to purchase at least one set of play indicia;

receiving a request to purchase at least one multiplier, wherein the multiplier is chosen by a player;

associating the play indicia with the multiplier; and

determining a price for the multiplier.

2-68. -68. (canceled)