Abstract: A transaction card facilitates typical consumer transactions as well as transactions related to lottery offerings and can incorporate a reader terminal to associate lottery tickets with the transaction instrument. New gaming opportunities tied to the instrument are also facilitated, including a personalized guaranteed prize structure, a personalized and/or localized jackpot and an opportunity for winning additional prizes when making purchases using the instrument. The system according to one embodiment of the present invention provides at least a lottery data processing system for communicating a first funding amount to be applied to a multi-purpose transaction card based on winnings from a lottery offering, and a reader terminal for reading at least a portion of the transaction card, reading indicia on one or more gaming tickets, and associating the one or more gaming tickets with the transaction card.