'Government-administered lotteries are usually run by state governments in order to raise revenue,' he explains. Most lotteries also include smaller prizes for getting some combination of winning numbers, but not all of them.Īccording to Professor Michael Collins, a chartered financial analyst and CEO of WinCap Financial, most cash lotteries are administered by the government.

If you pick all the winning numbers, you'll win the jackpot, or share it with others who have all the correct numbers as well. When you play the lottery, you'll spend a small sum of money to get the chance to win a huge prize.