punchboard

A small, usually rectangular board, used as a game of chance, that contains many holes each filled with a folded slip of paper that when punched out indicates a designated prize, win, or loss.

A board, having a number of holes filled with slips of paper, once used as a form of lottery

a small board full of holes; each hole contains a slip of paper with symbols printed on it; a gambler pays a small sum for the privilege of pushing out a slip in the hope of obtaining one that entitles him to a prize