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Would it surprise you to know that lotteries played a significant part in the funding and founding of the very first colonies in what is now the usa? King James I granted the Virginia Company of London the use of lotteries to finance not just Jamestown (the original colony of America), but in addition the crossing of the Mayflower in 1620. Lotteries are already a popular type of gambling for centuries, much even as we use municipal bonds today, most often run by governments and metropolitan areas, and they may be traced back to the Chinese Han Dynasty from 205 to 187 B.C.
Within the early days of America, records show that over 200 lotteries were permitted between 1744 and also the American Revolution, and these lottery games played a vital role within the funding of roads, libraries, churches, colleges, bridges, as well as other public works. Several of the very first esteemed universities, such as Princeton, Columbia University, Harvard and also the University of Pennsylvania, got their original funding from lotteries. And like future “war bonds”, lotteries also played a part in supporting the war efforts through the French and Indian Wars as well as the American Revolution. Rare lottery tickets with George Washington’s signature can still be found, and numerous founding fathers of our country participated and sponsored them, encouraging the public to participate. On the other hand, gambling took on an air of immorality within the later part of the nineteenth century, as moral reforms (for example temperance, labor reform, women’s rights as well as the abolition of slavery) gained strength and religious groups began to demand the forbiddance associated with any type of gambling, which like alcohol, only drove it underground as card and dice games became the secretive games of choice. Once WWII ended, the state of Nevada legalized gambling in Las Vegas (with just a little help from organized crime), and also the rest, because they say, is history.
In Western Europe, lottery‘s history dates back to the 1400s as France gave birth to their popularity. This initiative was followed by King Francis I of France who allowed lotteries to operate from 1520. Seeing its success in 1567, England’s Queen Elizabeth the very first established what is believed to be the first British state lottery, with the prize being hard cash together with some tangible goods, and so began the success and use of lotteries in England and also the Colonies.
In 1744 the very first lottery was introduced in colonies like Massachusetts to overcome military debts. But it was in 1776 when the first national lottery was introduced through the Continental Congress. The main goal was to raise funds for the American Revolution.
Over in Western Europe, the first municipal lottery “La Lotto de Firenze” in Florence, Italy was introduced in 1930 and offered a cash prize to attract participants, as well as other Italian towns followed the same path. As popularity and success gained momentum, many countries legalized lotteries, and of-course now with the creation of the net, people worldwide have the possibilities to play lottery online, where you can find an array of sites offering betting systems and software to assist your chances of winning.