Lottery Transaction Device, System and Method with Paperless Wagering and Payment of Winnings

Abstract

A lottery device, system and method incorporate lottery and non-lottery transaction capabilities within a single device that also provides for paperless wagering and payment of winnings. As part of the present invention, a transaction instrument facilitates typical consumer transactions as well as transactions related to lottery offerings and can use a reader terminal component to associate lottery tickets with the transaction instrument.

1 . A retail POS device, comprising:
 a reader terminal component for reading a transaction card and reading indicia on one or more lottery tickets; and   a computer processor in communication with the reader terminal component and operable to execute instructions for:
 conducting lottery transactions and non-lottery transactions; 
 associating a transaction amount with a transaction instrument; and 
 associating the one or more lottery tickets with the transaction instrument. 
   
   
   
       2 . The device of claim I wherein the computer processor is further operable to execute instructions for displaying an interface associated with at least one non-lottery-related retailer function and for displaying an interface associated with at least one lottery-related retailer function. 
   
   
       3 . The device of  claim 1  wherein the computer processor is operable to execute instructions for controlling lottery game selection. 
   
   
       4 . The device of  claim 1  wherein the computer processor is operable to execute instructions for communicating with a financial institution data processing system having programming for initiating the opening of a financial account associated with the transaction instrument, wherein the financial institution account is funded with a balance in the amount of a funding amount. 
   
   
       5 . The device of  claim 4  wherein the reader terminal component is capable of reading at least a portion of the transaction instrument and the computer processor is operable to execute instructions for communicating a transaction amount to the financial institution data processing system that changes the balance in the financial institution account associated with the transaction instrument. 
   
   
       6 . The device of  claim 1  wherein the computer processor is operable to execute instructions for applying winnings associated with one or more read lottery tickets with the read transaction instrument. 
   
   
       7 . A method, comprising:
 communicating, from a lottery data processing system, a funding amount to a financial institution account associated with a transaction instrument based on winnings from a lottery offering; and   providing a retail POS device having:
 a reader terminal component for reading the transaction instrument and reading indicia on one or more lottery tickets, and 
 a computer processor in communication with the reader terminal component and operable to execute instructions for associating the one or more lottery tickets with the transaction instrument. 
   
   
   
       8 . The method of  claim 1 , wherein the computer processor is operable to execute instructions for applying winnings associated with one or more read lottery tickets with the read transaction instrument. 
   
   
       9 . The method of  claim 1  wherein the computer processor is operable to execute instructions for conducting lottery transactions and non-lottery transactions. 
   
   
       10 . A retail POS device, comprising:
 a reader terminal component for reading a transaction instrument; and   a computer processor in communication with the reader terminal component and operable to execute instructions for:   conducting lottery transactions and non-lottery transactions;   associating a transaction amount associated with a winning lottery event with a financial institution account associated with the transaction instrument.   
   
   
       11 . The device of  claim 10  wherein the executable instructions can display an interface associated with at least one non-lottery-related retailer function and can further display an interface associated with at least one lottery-related retailer function. 
   
   
       12 . The device of  claim 10  wherein the computer processor is operable to execute instructions for controlling lottery game selection. 
   
   
       13 . The device of  claim 10  wherein the computer processor is operable to execute instructions for communicating with a financial institution data processing system having programming for initiating the opening of a financial account associated with the transaction instrument, wherein the financial institution account is funded with a balance in the amount of a funding amount. 
   
   
       14 . The device of  claim 13  wherein the reader terminal is capable of reading at least a portion of the transaction instrument and the computer processor is operable to execute instructions that communicate a transaction amount to the financial institution data processing system that changes the balance in the financial institution account associated with the transaction instrument. 
   
   
       15 . The device of  claim 10  wherein the computer processor is operable to execute instructions for applying winnings associated with one or more read lottery tickets with the read transaction instrument. 
   
   
       16 . A method, comprising:
 providing a retail POS device having:
 a reader terminal component for reading a transaction instrument used with lottery transactions, and 
 a computer processor in communication with the reader terminal component and operable to execute instructions for conducting lottery and non-lottery transactions, and for applying funds to a financial institution account associated with the transaction instrument. 
   
   
   
       17 . The method of  claim 16 , wherein the computer processor is operable to execute instructions for applying winnings associated with one or more read lottery tickets with the read transaction instrument. 
   
   
       18 . A transaction processing system, comprising:
 a POS terminal having a processor and a display, wherein the processor is operative to: display a first interface associated with at least one non-lottery-related retailer function on the POS terminal display; and display a second interface associated with at least one lottery-related retailer function on the POS terminal display; and   a lottery management and transaction processor in communication with the POS terminal processor and one or more third party game application providers, wherein the lottery management and transaction processor hosts a plurality of available lottery games selectable by a user of the POS terminal, and wherein the available lottery games include third party game applications provided from the one or more third party application providers.   
   
   
       19 . A method, comprising:
 providing a POS terminal having a processor and a display, wherein the processor is operative to: display a first interface associated with at least one non-lottery-related retailer function on the POS terminal display; and display a second interface associated with at least one lottery-related retailer function on the POS terminal display; and   providing a lottery management and transaction processor in communication with the POS terminal processor and one or more third party game application providers, wherein the lottery management and transaction processor hosts a plurality of available lottery games selectable by a user of the POS terminal, and wherein the available lottery games include third party game applications provided from the one or more third party application providers.   
   
   
       20 . A computer readable medium including instructions that, when executed on a processor, perform a method for processing lottery and non-lottery transactions, the method comprising:
 providing a POS terminal having a CPU and a display, wherein the CPU is operative to: display a first interface associated with at least one non-lottery-related retailer function on the POS terminal display; and display a second interface associated with at least one lottery-related retailer function on the POS terminal display; and   providing a lottery management and transaction processor in communication with the POS terminal CPU and one or more third party game application providers, wherein the lottery management and transaction processor hosts a plurality of available lottery games selectable by a user of the POS terminal, and wherein the available lottery games include third party game applications provided from the one or more third party application providers.