Multiple pricing in a lottery based on variable ratios
US7635302B2 · kind B2 · utility
Assignee
Inventor
Key dates
| Filing date | Jun 25, 2004 |
| Grant date | Dec 22, 2009 |
| Priority date | — |
| Expiry date | Dec 4, 2027 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG07F17/3258
- WIPO fieldControl
- WIPO sectorInstruments
Abstract
A method of multiple pricing for a predetermined or progressive single jackpot in a single lottery game is disclosed. For instance, a lottery ticket purchased for one dollar can result in a ten million dollar win, a lottery ticket purchased for two dollars can result in a twenty million dollar win, a lottery ticket purchased for three dollars can result in a thirty million dollar win, etc. Further, different winnings increments can be used. For instance, the three-dollar ticket can result in a forty million dollar win to induce the purchase of higher-priced tickets. The potential distributions can be established according to a constant ratio, a variable ratio, or a combination of a constant ratio and a variable ratio. In addition, the lottery prize can also be a variable prize that progressively increases with a percentage of each ticket sold. The prizes are won from a single pool.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.