Patent ID: 6840857
Filing Date: 2005-01-11
Classification: G07F

Abstract:
1. A method of conducting a lottery comprising the steps of: (1) determining a cutoff point for said lottery, said cutoff point comprising a prize value amount separating a large payout amount from a small payout amount, wherein said large payout amount is an amount payable in full to non-payout insured, winning ticket purchasers by way of payments paid during a payment period lasting longer than one year, and wherein said small payout amount is an amount payable in full in a single lump sum payment; (2) immediately paying in full said small payout amount to a winner of said small payout amount; (3) immediately paying in full said large payout amount to a payout insured winning ticket purchaser; and (4) immediately paying an amount equal to at least a portion of the winning ticket purchaser's taxes due to a purchaser of a tax insured winning ticket.