![]() ![]() Today official lotteries are set up to give money back to the public and must somehow benefit the people. ![]() Much of the money used to build the universities Harvard, Yale, Princeton and Columbia was raised by lotteries. Often governments would institute them in times of need or war. All of these early lotteries had similar purposes of raising funds for the government. In 1567 Queen Elizabeth I instituted the first English state Lottery. One of the oldest lotteries still in operation today was begun in Portugal in 1783. Julius Caesar often used lotteries to raise funds for the building of his vast empire. The popular game of Keno (Chinese Lottery) originated in ancient China around 3,000 years ago, originally set up by the government to raise funds for the construction of the Great Wall. It is said in the Bible that Moses used a lottery to distribute lands around the river Jordan. However, in more recent history, lottery games have grown more complex and involved. The word lottery probably derives from the Italian word 'lotto' which means fate or destiny. Lotteries, in one form or another, have been around as long as people have lived in society. In basic form a lottery is a popular form of gambling in which players draw lots from a pool to win a prize, in most cases, the prize being money. Betting on sports futures, props and lay bets. ![]()
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