
C 
Cash Lotto 

A lotto game (see "Lotto") awarded as a lumpsum cash payment. Cash lotto games typically have a smaller top prize than large jackpot games, more favorable odds of winning that top prize, and require players to select fewer numbers out of a smaller field. 

Cash Option 

A large jackpot that the winner elects to receive as a lump sum cash payment rather than an annuity. 

Cash Payoff 

A lottery prize that will be paid out all at one time, rather than over many years (see annuity). It will be a stateissued "check" (rather than raw cash), but it will be for the complete amount (minus tax withholding). 

Combo 

A way of betting a threedigit number that covers all possible combinations number straight. So, for example, if you play the number 123, any combination of those numbers (123, 132, 213, 231, 312 or 321) will yield a straight win. Of course, the cost to play is six times the cost of a single straight number play. For a number containing a double digit like 122, it would cover all of the combinations (122, 212 or 221) for a straight win for only three times the regular cost. 

Commission 

The fee paid to retail outlets for selling lottery tickets. Commissions in North America typically range between 5 percent and 6 percent of the price of the ticket. 


 
