In my region, salary lotteries are very popular in many workplaces. I don't know what's the exact English term for his but we call it that name. The purpose of salary lottery is that 5-6 employees collect together and they play lottery. The first winner gets the salary of every worker, in the next months the second winner gets everyone's salary and that's it. There isn't a random winner, everyone gets their salary back but the fate of who is the first person to receive the salary is decided via a simple coin flip.
This is the 1st time I've heard about a salary lottery and I'm curious to know in which region exactly this is popular? For me, such entertainment seems "wild" and I'm 100% sure no one here would want to participate in such types of bets.
This topic would be better suited for discussion in the gambling section.
For example, imagine that there are 6 people and salary of each person is $1000. They determine via coin flip who is the 1st, 2nd, 3rd, 4th, 5th and 6th. First gets $6000 in the end of the month, in the next month, the second gets $6000 and in 6th month, the 6th person gets $6000. You may ask me how do they live for 6 months without a salary? Family members take care of them. Too many people work for fun because sitting at home is boring for them but they don't have enough money to have fun too.
That is, the essence of this whole idea is only that each participant (out of 6) will receive the same total amount of money in half a year as if he saved his salary for this period of time and received it not every month, but in one month (including for the previous 6 months) at once. This is the same as if the employer paid the salary once every 6 months. I do not see any sense in such an activity and I think it is
stupid to do so.
In this scenario, you get a deferred salary, which doesn't provide any visible advantages (except that the employee receives a large sum of money at once) and creates a number of difficulties, such as finding alternative sources of living for 6 months.
I would agree to the salary lottery only on one condition - that I would be #1 on the list.