Top: Games: Gambling: Terminology: L

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Land Based Casino

A land based casino is one which is located on land and is owned either by individuals and/or corporations which have their gambling operation overseen by a state gaming control board or state gaming commission. Some land based casinos are limited by state law as to the maximum amount of a single wager or bet.


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Lottery

A lottery is a game of chance based upon the random selection of numbers. Generally, lotteries are only legally operated by states, other governmental entities, or not-for-profit organizations. 



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