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The History of Lottery

History Of Lottery
A lottery is a drawing of numbers for a prize, also a form of legalized gambling. In fact, the lottery originates from the Chinese way back in 205-187 BC. The money spent on those tickets were used to finance government projects like The Great Wall Of China. In European lottery was each guests drawing a number the winner received a fancy item. In their case, every ticket was a winner.
Then the first people that started selling the ticket’s were the Roman’s. In this case, the government again used the money to repair Rome. The 15th century was the first record of these lottery tickets for sale to win money for the prize. The Netherlands used ticket money as a way to raise money for the poor in the 17th century. In 1449 the Italian’s caught on to the lottery and seen it a good way to raise money for the war.

Early modern history, 1539-1789, in France they too discovered lotteries and used them to fund state finances. In England, 1566-1826, Queen Elizabeth used the lottery for winners to be given a prize. King James in the United States, 1612-1900, used a lottery to help the settlers. Lottery tickets played a huge role in financing libraries, roads, churches, and colleges.

President Benjamin Franklin used lottery money to purchase cannons. Lottery hit German soil in 1614. Germany offered a ‘pick 6 out of 49’ game. In Australia, the first lottery in their towns was in the 1800’s. The lottery was established in India in 1967. In 2003 Tamil Nadu government banned the lottery.
In Israel, 1951, they used the lottery to build hospitals. Japan used the lottery money for the second World War to procure war expenses. Mexican lottery known as Loteria used the money to help people get jobs. In 1874, the first lottery in Thailand was based on a kings birthday. 44 states and three territories operate state lottery in the United States.
The probability of winning the lottery in a pick 6 out of 49 lotto game is 1 in 13,983,816. Mega Millions multi-state lottery in the United States pick 5 out of 75 and Powerball pick 1 out of 15 chances of winning are 1 in 258,890,850. In Italy, the odds of winning are 1 in 622,614,630 in SuperEnalotto which players must match 6 out of 90 numbers
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Lottery scams do exist, scams where people tell another person they won but must pay a fee or forfeit. In the United States payment of prize is a lump sum. Winner chooses a lump sum payment or annuity payment. An annuity payment is often a period of 20 to 30 years