A lottery is a form of gambling which involves the drawing of lots for a prize.

How You Can Sell Your Lottery Payments
Lottery prize winners receiving payments over time may be able to convert all or part of their future payments into an immediate lump sum cash payment.

Lottery Prizes Awarded Through Periodic Settlement Payments
A lottery is a form of gambling which involves the drawing of lots for a prize. In the United States, the prize money offered in a lottery is paid in periodic installments to the winner. Because of this, the winner usually waits for years to get the full amount.