What is a Lottery?
Lottery is a game in which players pay for tickets, select groups of numbers or have machines randomly spit them out, and win prizes if their selections match those chosen by the machine. The casting of lots to make decisions and determine fates has a long record (the Bible includes several examples) but a lottery to distribute material goods is much newer, dating from the 17th century. In colonial America it played a vital role in financing private and public projects, including roads, canals, churches, colleges, and universities. Benjamin Franklin ran a lottery in Philadelphia to fund the colony’s militia, and John Hancock ran one to build Boston’s Faneuil Hall. George Washington used a lottery to help finance a road across a mountain pass in Virginia.
In modern times, state governments have increasingly turned to lotteries to raise revenue for a variety of uses. When first introduced, the lottery was hailed as a painless form of taxation that would avoid regressive taxes on poor people and other groups.
As lotteries have become more popular, they have also been criticised for encouraging addictive behavior and having a disproportionate effect on low-income communities. Since the lottery is run as a business with a goal of maximizing revenues, advertising campaigns focus on persuading target groups to spend money on tickets.
Some experts recommend choosing numbers that are not common, like birthdays or sequences of digits (e.g. 1-2-3-4-5-6). This will reduce the chance of other players selecting the same numbers, meaning that if you won you could keep a larger portion of the prize.
The post What is a Lottery? appeared first on villagesanclemente.org.
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.
Featured Home
