Monday, April 16, 2012

What is Lotto in America, and how did it get here?

A brief History on Lottery, how it began in America and where it came form.  I began this random quest for knowledge because if the huge Mega Millions draw a few weeks back.  In my random thinking i wondered where did this whole thing come from, and why didn't one of my family members invent something like this.  
It's in a sense a huge bucket and everyone who throws money in this bucket. Your money is linked to a numeric combination that you select, if it is the correct random set you get all the money in the bucket.  The more people that put money into the bucket, the more money it becomes but the least your odds get to win. But its the randomness of chance that you may be the person that picks the right combination and WINS IT ALL!!! That keeps people playing--So
What is Lottery
A means of raising money by selling numbered tickets and giving prizes to the holders of numbers drawn at random. Legalized gambling.
What is the purpose of LOTTO, how does it benefits the 
It is said the purpose is to legally raise funds for public good..see hyperlink LOTTO.

Puerto Rico in 1934, followed by New Hampshire in 1964; today, lotteries are established in 43 states, the District of Columbia, Puerto Rico, and the Virgin Islands; The most recent US lottery to be legalized was in Arkansas; its voters approved a lottery in the 2008 election.
 was formed in 1985 in Maine, New Hampshire, and Vermont. In 1988, the Multi-State Lottery Association (MUSL) was formed with IowaKansasMissouriOregonRhode IslandWest Virginia, and the District of Columbia as its charter members; it is best known for Powerball, which was designed to create large jackpots. Another joint lottery, The Big Game (now called Mega Millions), was formed in 1996 by six other lotteries as its charter members.
Instant lottery tickets, also known as scratch cards, were introduced in the 1970s and have become a major source of lottery revenue. Some lotteries have introduced keno and/or video lottery terminals (slot machines in all but name).
Individual lotteries often feature three-digit and four-digit games akin to "numbers games"; a five number game game, and a six number game(the latter two often have a jackpot.) Some lotteries also offer at least one game 

Here is an article on why lottery is bad: 

Where to go for help if you are addicted to Gambling: playing Lotto:

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