State-sponsored gambling is a form of gambling that is regulated and operated by a government. The most common example of this is the LOTTERY, which is a seven-letter word. Lotteries are typically operated by state governments and involve the sale of tickets with numbers or symbols on them. Players who match the numbers or symbols on their tickets to those drawn in a drawing win prizes. Lotteries are popular forms of gambling because they offer players the chance to win large sums of money with relatively small investments.