The 2021 NHL Draft lottery will take place on June 2, TSN's Frank Seravalli reported on Tuesday's edition of "Insider Trading."

The league recently announced several changes to the lottery system, with some taking effect immediately. The lottery will be reduced from three drawings to two this year, which ensures the team with the worst record will pick no lower than third overall.

Starting in 2022, a club will only be able to move up a maximum of 10 spots if it wins one of the draws.