The Lotto application, created by Dank Apps has received $250,000 in funding from Bay Partners. I previously covered AceBucks receiving an additional $200,000 in funding from the Bay Partners AppFactory fund. So what is the Lotto application? It’s pretty simple. Every day users can get a ticket to be entered into a lotter drawing. At the end of the day, cash is awarded to the participant who’s ticket is drawn. Where does this cash come from? Advertising.