It's called "Loot"

[Pandastirfry]

Uh are you guys serious?

Looting is a real (if old) Word.
http://www.thefreedictionary.com/looting
http://en.wikipedia.org/wiki/Looting

The Loot is of course the spoils of the looting.

English isn't even my main Language and I know that <.<

So is "lot" though it is typically used as a noun, not a verb.
The "looting" has already been done, what is being discussed is the casting of lots for who gets to loot the loot so to speak as loot can be used as both a noun and a verb.
Most people use "roll" or "rolling" as it is based of a 1-100 RNG more akin to dice rolls.