The 2013 NBA Draft Lottery will be held at the Disney/ABC’s Times Square Studios in New York on Tuesday, May 21, and will be televised on ESPN at 8:25 p.m. EDT.

The 2013 NBA Draft Lottery will determine the order of selection for the first 14 picks of the 2013 NBA Draft, which will be held at Barclays Center, the home of the Brooklyn Nets, on June 27 at 7 p.m.

The NBA Draft Lottery’s origins trace back to June 1984, when at an NBA Board of Governors meeting in Salt Lake City, the league voted to adopt a lottery system among the non playoff teams to determine the order of selection in the first round of the NBA Draft beginning in 1985. This year will mark the tenth time in the event’s 29-year history that it is conducted in New York City.

The inaugural lottery was held on May 12, 1985 at the Waldorf Astoria Hotel, but from 1994 until last year, the event had been held at the NBA Entertainment Studios in Secaucus, N.J. however the league’s facilities in New Jersey no longer house a television studio.

2013 NBA DRAFT LOTTERY ODDS
(Chances of winning the No. 1 overall pick)

1) Orlando Magic: 25%
2) Charlotte Bobcats: 19.9%
3) Cleveland Cavaliers: 15.6%
4) Phoenix Suns: 11.9%
5) New Orleans Pelicans: 8.8%
6) Sacramento Kings: 6.3%
7) Detroit Pistons: 3.6%
8) Washington Wizards: 3.5%
9) Minnesota Timberwolves: 1.7%
10) Portland Trail Blazers: 1.0%
11) Philadelphia 76ers: 0.8%
12) Toronto Raptors: 0.7%
13) Dallas Mavericks: 0.6%
14) Utah Jazz: 0.5%

InsideHoops.com will provide full previews, coverage and recaps of all aspects of the 2013 NBA Draft