What is a Lottery?
A lottery is a game where players pay a fee to purchase a chance to win a prize. Prizes can range from cash to goods or services. Most lottery games involve matching a series of numbers or symbols. Winners are determined by drawing lots or using a computer program to select winners. State and national lotteries raise money for a variety of public uses. Privately organized lotteries can also raise money for charitable purposes or for personal gain.
Lotteries have been around for centuries. The first modern lotteries appeared in the 15th century in Burgundy and Flanders, with towns using them to raise money to fortify town defenses and aid the poor. Francis I of France endorsed public lotteries for private and public profit, and the practice spread to England and America, where it helped fund many colleges, including Harvard, Dartmouth, Yale, Columbia, King’s College (now Boston), and William and Mary.
While critics say that the money raised by the lottery is a form of taxation, supporters argue that it provides a painless way for states to expand their social safety nets without raising taxes on middle-class and working-class people. Some states even use lotteries to fund specific projects, such as subsidized housing units or kindergarten placements in reputable schools.
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Source: This article was originally published on Village San Clemente
About the Agent
Jim Flores is an accomplished real estate professional providing services as both agent and broker for over 13 years. His extensive knowledge of the Southern California real estate & mortgage market has allowed him to provide an outstanding level of client satisfaction to his clientele. As co-founder founder of Sea Sell Realty Jim is committed to personalized service. His goal is to exceed client needs by applying his expertise to all aspects of the real estate industry including sales, property management, consulting, training and real estate technology. For example, Jim’s use of technology benefits his clients by utilizing tools that make transactions client friendly: electronic signing, social media ads, paper less transactions and iPad essentials.
Offering expert Home Buying and Selling Real Estate Services in: San Clemente, The Pier Bowl, Laguna Niguel, Dana Point.
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