A loot box is a virtual chest in a game with a random prize, bought with money or game currency; the player doesn't know in advance what they'll get.
A loot box is a virtual chest, container or card pack in a game that is bought with money or game currency. Its contents are random: it could be a rare item or something useless, and the player doesn't know in advance.
The mechanics resemble gambling: the price is known, the outcome is random, and a rare win encourages buying again. That's why a number of countries restrict loot boxes or require developers to publish the odds of getting items.
For children, loot boxes are one of the most common causes of large in-game spending: each purchase is small, but a week's total can reach several thousand hryvnias. Spending limits, parental approval of purchases and a talk about how the game profits from players' emotions all help.
In detail, with examples: Your child spent money in a game or app: how to get it back and stop it happening
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