Online Lottery News – The History of Lotteries


Lotteries are a way of raising money. Ticket holders buy a ticket and are guaranteed a prize if they match a certain number of numbers. In most cases, the winner can choose to receive either a lump sum or annuity payment. However, the choice of payment option is largely determined by the jurisdiction in which the lottery is held.

The origins of lotteries can be traced to 205 BC when the Chinese Han Dynasty began to offer lottery slips to its citizens. These tickets were used to fund major government projects. Later, they were also used to raise money for roads, bridges, libraries, and other public services. They were hailed as a painless form of taxation, and in many ways, they proved to be so.

During the Roman Empire, emperors distributed slaves to their subjects, and they also organized commercial lotteries that helped repair the city of Rome. Although these were not the first lotteries, they were the earliest known. By the mid-nineteenth century, the concept had caught on, and in the US, a number of states started holding private lotteries to raise funds for local and state projects.

During the French and Indian War, several colonies used lotteries as a way to raise funds for their war efforts. For example, the Commonwealth of Massachusetts raised money with a lottery for its “Expedition against Canada” in 1758. Likewise, Benjamin Franklin organized a lottery to raise money for cannons for the defense of Philadelphia.

The 17th-century Roman Empire was also known for its lotteries. Several towns and cities held these public lotteries to raise money for their town fortifications and the poor. Most of the money raised was spent on local causes. Aside from fortifications, the funds were used to finance colleges and hospitals.

The Romans also gave away property. By the mid-18th century, lotteries had become a primary resource for religious congregations. Many of the churches and cathedrals that have been built in European countries since the Middle Ages were built by lotteries.

Despite being illegal in France for two centuries, the concept was revived in the 18th century. This time, however, the lottery was not as effective. Consequently, many people considered it to be a ploy by the government. Those who did participate often did so for the chance of winning a substantial sum of money.

However, lottery tickets can be expensive. Moreover, the chance of winning can be relatively small, meaning that the prize money is not as large as the advertised amount. Nonetheless, the fact that a lot of money was raised helped the government in its financial struggles.

It is therefore not surprising that the Chinese government has been trying to consolidate its existing lottery market. According to the China National Bureau of Statistics, 7-8 percent of the adult population in the country purchases lottery tickets. Nevertheless, the lottery business is growing. Several global and regional vendors are operating in the market, including Gaming China, International Game Technology plc., and Berjaya Corp. Besides, the internet has also increased the popularity of the lottery.