Gambling involves the distribution of property by chance among persons who have paid valuable consideration for the opportunity to receive it.

Question

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This definition of gambling is commonly accepted and recognized by most legal jurisdictions. It implies that there are three key elements to gambling: consideration (i.e. payment), chance (i.e. luck or randomness), and prize (i.e. something of value). If any of these elements is missing, the activity may not be considered gambling or may be subject to different rules and regulations.

Gambling Involves the Distribution of Property by Chance Among Persons