(2)
Lottery
The term “lottery” includes the numbers game, policy, and similar types of wagering. The term does not include—
(A)
any game of a type in which usually
(i)
the wagers are placed,
(ii)
the winners are determined, and
(iii)
the distribution of prizes or other property is made, in the presence of all persons placing wagers in such game, and
(B)
any drawing conducted by an organization exempt from tax under sections
501 and
521, if no part of the net proceeds derived from such drawing inures to the benefit of any private shareholder or individual.