Enter your search keyword(s):

Click to search our directories-AllWebHunt, Encyclopedic, TopChoice, Or Google, Alexa, About & Yahoo:

 


Lotteries
Home / Top / Games / Gambling / Lotteries See also:
Related articles

Edit | Discuss Article

Lottery

  

A lottery is a popular form of gambling which involves the drawing of lots for a prize. Some states forbid it, while others condone it to the extent of organizing a national lottery.

The Lottery is also the name of a famous Shirley Jackson short story which deals with this subject matter.

Table of contents
1 Countries with a national lottery
2 Lottery in the United States
3 Lottery in France
4 See Also
5 Lottery the racehorse

Countries with a national lottery

etc.

Lotteries come in many formats. The prize can be fixed cash or goods. In this format there is risk to the organizer if insufficient tickets are sold. The prize can be a fixed percentage of the receipts. A popular form of this is the "50-50" draw where the organizers promise that the prize will be 50% of the revenue. The prize may be guaranteed to be unique where each ticket sold has a unique number. Many recent lotteries allow purchases to select the numbers on the lottery ticket resulting in the possibility of multiple winners.

Lotteries have been referred to as a "tax on stupidity" by social commentators as the odds of winning are astronomically low. Given the payoff structure, the maximum "revenue to risk ratio" occurs with the purchase of a single ticket; purchasing additional tickets does not proportionally increase the expected value of the total purchase.

One can view the popularity of lotteries more positively as "selling hope". If people care about their relative incomes, lotteries offer the hope of substantially increasing one's social rank. Also, in countries with poorly developed credit markets, lotteries offer consumers the only hope for acquiring major durables (cars, houses, or the like).

Lottery in the United States

In the United States, the existence of lotteries is subject to the laws of each state; there is no national lottery. The first state lottery in the U.S. was established in the state of New Hampshire in 1964; since then, lotteries have sprung up in over half of the states in the US On October 8, 1970, New York held the first million dollar lottery drawing.

The first modern interstate lottery in the U.S. was Tri-State Lotto. Tri-State Lotto was formed in 1985 and linked the states of Maine, New Hampshire and Vermont. In 1988, the Multi-State Lottery Association was formed with Oregon, Iowa, Kansas, Rhode Island, West Virginia and the District of Columbia as its charter members; it is best known for its "Powerball" drawing, which is designed to build up very large jackpots. Another interstate lottery, The Big Game (now called Mega Millions), was formed in 1996 by the states of Georgia, Illinois, Massachusetts, Maryland, Michigan and Virginia as its charter members.

Other interstate lotteries include: Hot Lotto, Lotto South, and Wild Card 2. For more detailed information on U.S. lotteries, see Lottery (U.S.)

With the advent of the internet it became possible for people to play on-line, many times for free (the cost of the ticket being supplemented by merely seeing, say, a pop-up ad). Slight wanings in the overall number of people playing by "traditional" ways (paper ticket, $1 per chance) caused several states to combine into multi-state pools of much larger winning amounts. Some of the many websites which offer free games (, after registration) include www.iwinweekly.com and the larger iwon.com, which is backed by the CBS broadcasting corporation.

See also: Keno

Lottery in France

The first known lottery in France was created by the King Francis I in around 1505. After that first attempt, lotteries were forbidden for two centuries.

They reappeared at the end of 17th century, as "public lottery" for the Paris municipality (called Loterie de L'Hotel de Ville) and as "private" ones for religious orders (mostly for nuns in convents).

Lotteries became quickly one of the most important ressources for religious congregations in the 18th century.

Lotteries helped to build or rebuild many churches (about 15 from including the biggest ones) in Paris during the 18th century, including St Sulpice or Le Panthéon.

At the beginning of the century, the King gave the right to do lotteries to religious orders avoiding by this action to give them money, but the amounts generated by lotteries became so important that the second part of the century turned into a struggle between the monarchy and the Church for lotteries control.
In 1774, the Loterie de L'École Militaire was founded by the monarchy (by Mme de Pompadour to be precise, to buy what is called today the Champ de Mars in Paris, and build a Military Academy that Napoleon Bonaparte would later attend) and all other lotteries were forbidden with 3 or 4 minor exceptions.

This lottery became known a few years later as the Loterie Royale de France. Just before the French Revolution (1789) the revenues from La Lotterie Royale de France was about 5 to 7% of total French revenues.

Through the 18th century, philosophers like Voltaire as well as some bishops cited that lotteries exploit the poor. This subject has generated much oral and written debate over the morality of the lottery.

All lotteries (including state lotteries) were frowned upon by idealists of the French Revolution, who viewed them as a method used by the rich for cheating the poor out of their wages.

The Lottery reappeared in France in 1936, called loto, when socialists needed to increase state revenue. Since that time, La Française des Jeux (government owned) has a monopoly on most of the games in France, including the lotteries.

See Also


Lottery the racehorse

Winner of the
1839 Grand National Steeplechase at Aintree, nr Liverpool, England. Often stated as the first running of this famous race as it was the first to truly attract National interest in the United Kingdom. It was actually the fourth running but the previous three races failed to capture the imagination and were quickly forgotten. Lottery was such a good horse that it was said he could trot faster than most of his rivals could gallop and he would surely have won the National more than once had it not been for the fact that stewards forced him to race under an impossible weight burden. So worried were some courses that Lottery would scare away the opposition that they organised races that stipulated that they were open to all horses bar Lottery.
Source | Copyright
Webmasters: Add your website here:

Readers: Edit | Discuss Listings

Lottery U.S.
Offering links to lotteries clubs, forums and news sites.
http://www.lotteryus.com/

All Lotto
Daily results for every US lottery. Also results by email, ticket generator, odds calculator, links and archived data.
http://www.alllotto.com/

LottoBot
Free lottery results sent by email available for several different countries.
http://www.lottobot.net/

Big Game Lottery
Results, news, statistics, how and where to play, and winning number combinations for Big Game Mega Millions.
http://www.biggamelottery.com/

Lottery Post
Forum, news, results, jackpots, predictions, and other information for players.
http://www.lotterypost.com/

Direct Hit Lottery
Real-time lottery with pre-printed playing numbers on the ticket used for all prize draws.
http://www.dhlottery.com/

My Lotto Corner
Offers lottery history information and state-by-state lottery guides.
http://www.mylottocorner.com/

Keno Info
Offers tips, downloads, rules, history, strategy and a free game.
http://www.keno-info.com/

Lotto Forums
Message board covering strategies and discussions of various national and international lotteries.
http://www.lotto649.ws/

The Lottery Site
Internet and international lottery information including a player's guide, odds, wheeling, clubs and pools.
http://thelotterysite.com/

Lotto Strategies
Free strategies, picks, wheeling system, analysis plus membership services
http://www.lottostrategies.com/

Lottery Feed
Provides results and related content for the internet, print, television news and wireless media.
http://www.lotteryfeed.com/

Lottery Syndicate World
Reviews of syndicates and clubs around the world, plus advice on running your own lottery pool.
http://www.lottery-syndicate-world.com/

Daily Pick 3
Analysis and wheeling of all American Pick 3 lotteries.
http://www.dailypick3.com/



Help build the largest human-edited directory on the web.
 Submit a Site - Open Directory Project (modified) - Become an Editor

Modified contents copyright 2010. All rights reserved.