Here's how the Draft Lottery works, which teams are involved, what's at stake and what fans can look forward to:

The lottery will determine the top three selections for the 2019 NHL Draft, with the other 12 non-playoff teams placed in inverse order of the standings. The 2019 NHL Draft will be held at Rogers Arena in Vancouver on June 21-22.

The 2019 NHL Draft Lottery will be held at the CBC/Sportsnet studios in Toronto on Tuesday (8 p.m. ET; NBCSN, SN, TVAS).

[RELATED: Draft Lottery lookup tables: By number | By team]

How does the Draft Lottery work?

Each of the 15 teams that missed the Stanley Cup Playoffs (or the teams that have acquired the first-round pick of a non-playoff team) will participate. The odds of each team winning is allocated based on inverse order of the final season standings.

Three separate drawings will be held. The first determines the No. 1 selection. The odds for the remaining teams will be adjusted proportionally for the second drawing, which will determine the No. 2 pick, and again for the third drawing, which will determine the No. 3 pick.

The remaining teams will then receive picks 4-15 based on inverse order of the standings. Any of the 15 teams can win the lottery, but no team can move back more than three spots.

Can a team that made the Stanley Cup Playoffs win the lottery?

This year, yes. The Colorado Avalanche, who are the second wild card into the playoffs in the Western Conference, have the Ottawa Senators' first pick as part of last season's trade that sent forward Matt Duchene to the Senators.

What are the odds of each team winning the No. 1 pick?

Here are the odds of winning the lottery for each team:

Colorado Avalanche (from OTT): 18.5 percent

Los Angeles Kings: 13.5 percent

New Jersey Devils: 11.5 percent

Detroit Red Wings: 9.5 percent

Buffalo Sabres: 8.5 percent

New York Rangers: 7.5 percent

Edmonton Oilers: 6.5 percent

Anaheim Ducks: 6.0 percent

Vancouver Canucks: 5.0 percent

Philadelphia Flyers: 3.5 percent

Minnesota Wild: 3.0 percent

Chicago Blackhawks: 2.5 percent

Florida Panthers: 2.0 percent

Arizona Coyotes: 1.5 percent

Montreal Canadiens: 1.0 percent

Does the team with the best odds of winning the Lottery usually get the No. 1 pick?

Not necessarily. This will be the 25th time the Draft Lottery has been used to determine the No. 1 pick, and the team with the best odds has won nine times in the previous 24 drawings.

That includes the Pittsburgh Penguins in 2005 (who selected Sidney Crosby), when all 30 teams were involved in the lottery but the Penguins were one of four teams with the maximum three balls in the drawing.

However, the team with the best odds has won it twice in the previous three years. The Buffalo Sabres had the best odds last year and won, then selected defenseman Rasmus Dahlin No. 1 at the 2018 Draft. The Toronto Maple Leafs had the best odds in 2016 and won, then selected forward Auston Matthews No. 1 at the 2016 Draft.

The Colorado Avalanche had the best odds in 2017, but the New Jersey Devils, who had the fifth-best odds, won the lottery and selected forward Nico Hischier with the first pick of the 2017 Draft; the Avalanche got the No. 4 pick and selected defenseman Cale Makar.

If No. 1 isn't always the winner, which spot is?

Teams with the second- and third-best odds at the Lottery each have won it four times. After that, three teams with the fifth-best odds have won the Lottery; the Devils in 2017, the Chicago Blackhawks in 2007 (Patrick Kane), and the New York Islanders in 2000 (Rick DiPietro).

If my team wins the Lottery, that means it gets the first pick in all seven rounds?

No. The Draft Lottery only covers the first round. The order for Rounds 2-7 is set by inverse order of the final standings.

When will I find out the Draft Lottery results?

The Draft Lottery results will be announced live during a one-hour show Tuesday. NHL Deputy Commissioner Bill Daly will reveal the order, with the 15 teams each having one representative in the room.

What's at stake?

The chance to select one of the top forwards in the 2019 NHL Draft. The top choice could be center Jack Hughes from USA Hockey's National Team Development Program Under-18 team, or right wing Kaapo Kakko from TPS in Liiga, Finland's top professional league.

Hughes (5-foot-10, 170 pounds) led the NTDP with 86 points (23 goals, 63 assists) in 41 games. In two seasons with the NTDP, he set program marks for assists (134) and points (197). The 17-year-old was No. 1 on NHL Central Scouting's midterm ranking of North American forwards.

Kakko (6-2, 194) had 38 points (22 goals, 16 assists) in 45 games, and five points (one goal, four assists) in five Liiga playoff games. Kakko also scored the winning goal for Finland against the United States in the gold-medal game at the 2019 IIHF World Junior Championship. The 18-year-old was No. 1 on NHL Central Scouting's midterm ranking of International skaters.

"Consideration for No. 1 has expanded to a 1A and 1B ever since the 2019 World Junior Championship, where Kakko had a strong performance on the world stage and continued his impressive play in Finland's Liiga," NHL Central Scouting director Dan Marr said. "Meanwhile Jack Hughes continues his wizardry scoring and playmaking, displaying his quick wits and speed while setting all kinds of scoring records."