The History of the Lottery


The lottery dates back to the early 1600s, when King Francis I of France discovered them while touring Italy. In 1539, he authorized the first lottery in France, called Loterie Royale. The edict authorized this project, but the results were a dismal failure. The tickets were too expensive, and the social classes opposed the new venture. France subsequently banned lotteries, though some were tolerated for a time. However, there was one important requirement that must be met in order to play the lottery.

The Louisiana Lottery was the last state lottery in the United States until 1963

After it was discontinued in 1961, the Louisiana Lottery began operations in Honduras. After this, America went a long period of time without a state lottery. That changed in 1963, when New Hampshire decided to start the lottery again. Today, Louisiana has a lot to offer players in the lottery world. The largest jackpot in the state was $191.1 million, claimed by 292 Family Partnership. In January 2016, the Powerball jackpot reached $1.58 billion, split among three winning tickets in Florida, California and Tennessee.

It is a form of gambling

Many governments have different rules and regulations when it comes to gambling. Some outlaw lotteries completely, while others promote them and regulate them. Some of these laws focus on the sale of tickets to minors, or requiring vendors to have a license. Many countries considered lotteries illegal before World War II, and some still do. Read on to learn more about the differences between gambling and investing. Here are some common questions to ask yourself before purchasing a lottery ticket: