lottery

/ˈlɒtəɹi/

IPA: /L AA1 T ER0 IY0/

noun
  1. 1

    A scheme for the distribution of prizes by lot or chance, especially a gaming scheme in which one or more tickets bearing particular numbers draw prizes, the other tickets are blanks.

  2. 2

    An affair of chance.

  3. 3

    (Shakespeare) Allotment; a thing allotted.

Source: https://en.wiktionary.org/wiki/lottery