Patents Assigned to EQUILOTTERY LLC
  • Patent number: 8734240
    Abstract: In a method for administering a lottery in combination with a pari-mutuel pool, tickets are generated at point-of-purchase terminals, each ticket including a series of randomly generated or user-selected numbers. A portion of the purchase price of each ticket is allocated to the pari-mutuel pool and is treated as a wager in the pari-mutuel pool, while another portion of the purchase price may be allocated to other pools, including a supplemental payout pool. If the ticket is a winning ticket, a preliminary amount of a payout from the wager in the pari-mutuel pool is determined. In some cases, this preliminary amount is supplemented from monies in the supplemental payout pool.
    Type: Grant
    Filed: January 20, 2012
    Date of Patent: May 27, 2014
    Assignee: Equilottery LLC
    Inventor: Bradford Cummings
  • Publication number: 20140128140
    Abstract: In a method for administering a lottery in combination with a pari-mutuel pool, tickets are generated at point-of-purchase terminals, each ticket including a series of randomly generated or user-selected numbers. A portion of the purchase price of each ticket is allocated to the pari-mutuel pool and is treated as a wager in the pari-mutuel pool, while another portion of the purchase price may be allocated to other pools, including a supplemental payout pool. If the ticket is a winning ticket, a preliminary amount of a payout from the wager in the pari-mutuel pool is determined. In some cases, this preliminary amount is supplemented from monies in the supplemental payout pool.
    Type: Application
    Filed: January 20, 2012
    Publication date: May 8, 2014
    Applicant: EQUILOTTERY LLC
    Inventor: Bradford Cummings