> For the complete documentation index, see [llms.txt](https://dropshop.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://dropshop.gitbook.io/docs/dropshop-lottery/lottery-process/the-purse-sponsor-take-and-residual.md).

# The Purse, Sponsor Take and Residual

The sum of all winning stakes contained in a lottery’s smart contract is called the Lottery’s Purse.  The minimum Purse for a lottery’s must be its Quantity times the Price.  This (Q \* P) is called the Sponsor Take, and it is automatically transferred to the Sponsor at the lottery’s conclusion.

Most lotteries will have a Purse higher than the Take.  The difference is called the *Residual* of the lottery.  The Residual is important because it can be distributed in a number of wars between the Sponsor, Participants and platform itself.  We discuss how the residual is used in greater detail in [Platform Economics](/docs/platform-information/platform-economics.md).


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