Tax supplement financial product for gaming and lottery participants

A computerized method for conducting a lottery game with a tax supplement component, the computerized method comprising:

• offering and permitting the purchase of a lottery ticket with a tax supplement component by lottery game participants, said lottery ticket having a ticket price;
• electronically allocating a first representative portion of said ticket price of a purchased tax supplement lottery ticket to a tax supplement pool, at least a portion of which represents a tax supplement for lottery participant winners for at least a portion of applicable taxes on respective lottery prizes;
• electronically allocating a second representative portion of said ticket price of said purchased tax supplement lottery ticket to a lottery prize pool, at least a portion of which represents respective lottery prizes for all lottery participant winners;
• electronically identifying and generating awards for said lottery participant winners from said lottery prize pool and providing a provision for a tax supplement payment for said lottery participant winners who purchased said tax supplement lottery ticket.

A computerized method of conducting a lottery game with a tax supplement component via a primary lottery computer system coupled to at least one lottery computer terminal, the computerized method comprising:

• offering and permitting the purchase of a lottery ticket with and without a tax supplement component via said at least one lottery computer terminal, said lottery ticket having first and second ticket prices, respectively;
• at said primary lottery computer system:
• allocating a first representative portion of said first ticket price of a purchased tax supplement lottery ticket to a tax supplement pool, at least a portion of which represents a tax supplement for lottery participant winners who purchased said tax supplement lottery ticket;
• allocating a second representative portion of said first and second ticket prices to a lottery prize pool, at least a portion of which represents respective lottery prizes for all lottery participant winners;
• identifying lottery winning tickets and prizes, if any;
• and
• generating a tax supplement schedule based upon said tax supplement pool and said prizes.

A computer readable medium containing programming instructions for conducting a lottery game with a tax supplement component from a primary lottery computer system coupled to at least one lottery computer terminal, the programming instructions comprising:

• offering and permitting the purchase of a lottery ticket with a tax supplement component via said at least one lottery computer terminal, said lottery ticket having a ticket price;
• at said primary lottery computer system:
• associating a first representative portion of said ticket price of a purchased tax supplement lottery ticket to a tax supplement pool, at least a portion of which represents a tax supplement for lottery participant winners who purchased said tax supplement lottery ticket;
• associating a second representative portion of said ticket price to a lottery prize pool, at least a portion of which represents respective lottery prizes for all lottery participant winners;
• identifying lottery winning tickets and prizes, if any;
• and
• generating a tax supplement schedule based upon said tax supplement pool and said prizes.

An information processing system for conducting a lottery game with a tax supplement component, said information processing system including at least one primary lottery computer system coupled to at least one lottery computer terminal, the system comprising:

• at least one lottery computer terminal permitting the purchase of a lottery ticket with a tax supplement component, said lottery ticket having a ticket price;
• means for allocating a first representative portion of said ticket price of a purchased tax supplement lottery ticket to a tax supplement pool, at least a portion of which represents a tax supplement for lottery participant winners who purchased said tax supplement lottery ticket;
• means for allocating a second representative portion of said ticket price to a lottery prize pool, at least a portion of which represents respective lottery prizes for all lottery participant winners;
• and
• a computer system for identifying lottery winning tickets and prizes, and for generating a tax supplement schedule based upon said tax supplement pool and said prizes.

A method of communicating information for conducting a lottery game with a tax supplement component between a primary lottery computer system and at least one lottery computer terminal of a plurality of lottery computer terminals, said lottery game including:

• offering and permitting the purchase of a lottery ticket with and without a tax supplement component via said at least one lottery computer terminal, said lottery ticket having first and second ticket prices, respectively;
• and
• at said primary lottery computer system, allocating a first representative portion of said first ticket price of a purchased tax supplement lottery ticket to a tax supplement pool, at least a portion of which represents a tax supplement for lottery participant winners who purchased said tax supplement lottery ticket;
• allocating a second representative portion of said first and second ticket prices to a lottery prize pool, at least a portion of which represents respective lottery prizes for all lottery participant winners;
• identifying lottery winning tickets and prizes, if any;
• and
• generating a tax supplement schedule based upon said tax supplement pool and said prizes,
• the method of communicating the information comprising:
• transmitting a data packet representing said purchase of said lottery ticket with said tax supplement component from said at least one lottery computer terminal to said primary lottery computer system;
• and
• gathering all said representative data packets from said plurality of lottery computer terminals prior to said identifying lottery winning tickets and prizes.

A method of conducting a lottery game with a tax supplement component, the method deployed in a server-client computer system with at least one server computer operatively coupled to at least one client computer over a communications network, said client computer accepting data input which includes lottery ticket data, and said at least one server computer allocating a representative portion of the lottery ticket price for any purchased lottery tickets to a lottery prize pool, at least a portion of which represents lottery prizes for lottery participant winners, and identifying any lottery winning tickets;

• the method comprising:
• serving a lottery ticket offer for a ticket price which includes a tax supplement component via said at least one server computer to said at least one client computer;
• confirming payment of said ticket price;
• accepting lottery ticket selections as adapted to be uploaded from said at least one client computer;
• allocating a first portion of said ticket price to a tax pool, at least a portion of which represents a tax supplement for said lottery participant winners for at least a portion of applicable taxes on respective lottery prizes;
• and
• generating a tax supplement schedule based upon said tax supplement pool and said prizes.

A method of conducting a lottery game with a tax supplement component, the method deployed in a server-client computer system with at least one server computer operatively coupled to at least one client computer over a communications network, said client computer accepting data input which includes lottery ticket data, the method comprising:

• serving a lottery ticket offer with a tax supplement component, said lottery ticket offer including a purchase price, said serving accomplished via a lottery server computer to at least one client computer;
• accepting at said lottery server computer lottery selections based upon said lottery ticket offer upon confirmation of payment of said purchase price and as adapted to be uploaded from said at least one client computer;
• allocating a first portion of said purchase price to a tax pool at said lottery server computer, at least a portion of which will be used to reimburse any winners of the next lottery for at least a portion of applicable federal, state, and local taxes on any respective lottery prizes;
• allocating a second portion of said purchase price to a lottery award pool at said lottery server computer, at least a portion of which represents said respective lottery prizes from which any said winners are paid;
• identifying lottery winners who purchased said lottery ticket including a tax supplement component such that any said winners may be reimbursed for at least a portion of said taxes from said tax pool.

A method for conducting a game of chance with a tax supplement component, the method comprising:

• offering and permitting the purchase of a wager with a tax supplement component by game participants, said wager having a price;
• allocating a first portion of said price of a purchased tax supplement wager to a tax supplement pool, at least a portion of which represents a tax supplement for game participant winners for at least a portion of applicable taxes on respective game prizes;
• allocating a second portion of said price to a game prize pool, at least a portion of which represents respective game prizes for said game participant winners;
• identifying and awarding said game participant winners from said game prize pool and providing a tax supplement payment for said game participant winners who purchased said tax supplement wager.