System and method for applying lottery multipliers
First Claim
1. A method of processing lottery ticket sales comprising:
- determining a price for eligibility for a multiplier option,wherein a magnitude of a multiplier is determined at random;
receiving, via an input device, a request to purchase a set of play indicia;
receiving, via the input device, a request to purchase eligibility for the multiplier option;
associating the play indicia with the multiplier,wherein a magnitude of the multiplier is changed to one if a redemption value of the set of play indicia is outside a defined range of redemption values; and
pricing a lottery ticket based on the price for eligibility for the multiplier option and a price of the associated play indicia.
8 Assignments
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. The magnitude of the multiplier may be determined at random.
67 Citations
34 Claims
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1. A method of processing lottery ticket sales 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, via an input device, a request to purchase a set of play indicia; receiving, via the input device, a request to purchase eligibility for the multiplier option; associating the play indicia with the multiplier, wherein a magnitude of the multiplier is changed to one if a redemption value of the set of play indicia is outside a defined range of redemption values; 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 (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30)
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31. A 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, via an input device, 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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32. A method comprising:
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receiving, via an input device, 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; associating the plurality of sets of play indicia with the multiplier option, wherein the multiplier is not to be applied to a set of play indicia if a redemption value of the set 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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33. A 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, via an input device, 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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34. A 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, via an input device, a request to purchase play indicia; receiving, via the input device, 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 in 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