The Lotteries have had site in place for quite some time. They date back to the bible period and Julius Caesar himself advised the lottery to help settle the repair work that was to be done in the city. The legends presumed that China’s Great Wall also benefited from lottery games.
During medieval times, Europe was a focus of lottery activity. Residents of L’Ecluse, a city in France, Caesar’s efforts followed by using a public lottery to create funds for strengthening the city’s defense in 1420. In 1466, a lottery was organized by the officials of Bruges, a city in the Belgium, for the purpose of raising funds for the poor and needy.
During the early part of the 16th century, the lottery craze hit Italians when they started the concept of a “number” lottery in the city of Florence. It is quite interesting to note that the word lottery originated from the Italian word “lot”, which literally means “destiny”. ”
In 1520, the revenue potential of the lottery caught the attention of royalty when the ever seen states the lottery was organized by King Francis I of France. The royal court received the proceeds. After forty years, the lottery fever went through England after Queen Elizabeth I organized a national lottery to generate money to boost poor England’s ports. Upholstery and money were packaged in the Queen’s awards.
During the following two hundred years, the lottery grew in popularity in England. One of the world’s finest museums, the British museum located in London, was a recipient of the lottery in1753 proceeds. In the new world, the lotteries were specifically popular during the eighteenth century. Benjamin Franklin organized one to compensate for the cannons that helped win the American War of Independence and likewise was used to give the money to the army. A lottery set-up by George’s assisted Mount Mountain Road Washington, one of the main routes that go to the west from Virginia.
The Lottery was also a favorite of individuals. Most Thomas Jefferson’s estate (the third president of the United States) was auctioned with a lottery scheme. Many Lottery proceeds also helped finance many of the historic universities and universities in America. Among them, the different universities in the prestigious Ivy League were the most notable.
During the last two hundred years, the lotteries had legitimated site and start in almost every country in the world. As the number of people’s play grew, the awards also grew. In 2000, the big game lottery held in the USA was priced at $ 363 million.