A new system and method for use in dynamic gaming environments such as Nevada-style casinos and Amerindian casinos is presented that enables using time-sensitive tickets as prizes. Block of tickets for a future event are allocated to a casino, which constitutes a "found" market (the ticket seller expends no funds for the tickets sold to the casino). This block may also be sold through normal reseller channels; the allocated block acts as a cap to the number of tickets potentially channeled through a casino rather than being a casino exclusive. This enables the casino to purchase the tickets at a steeper discount rates than is otherwise possible, and by associating tickets with payout events on games or progressives (instead of cash awards), enables time-sensitive tickets to be awarded as prizes on an on-going basis.