A lottery is a form of gambling which is present in United States as well as in Europe. It is guided by the government and that is the reason why some countries don’t have such a form of gambling because the government outlawed it, while in other countries it became a national lottery.

Prior to the World War II this form of gambling was illegal, but Read More In this article 1960 casinos and lotteries began to appear in USA and Europe and they were used as a means to raise revenue in addition to taxes.

Sometimes the lottery is described as a regressive tax. It really is referred to as a “tax on stupidity” as a result of the minimal chances to win the big prize. Even when it is used to describe this type of gambling, the word “tax” just isn’t strictly correct because these descriptions are used to make people know that these games are government-sanctioned operations and they attract only people who do not know that buying a lottery ticket is a simple economic decision.

Lotteries come in lots of formats. Some lotteries can give a prize which is based on money and a lot of them on goods.

Lottery tickets are often checked on the computer using mark sense-technology, which will check in less than one second if a mix of numbers was chosen by anyone.

Don’t think that the lottery was invented in 1960, after the World War II. Romans were first to play this game – this was a way to relax and amuse at dinner parties. The truth is that it was different from these days lottery, because, even if guests were receiving some tickets (the prize often consisted of fancy items), those who were unlucky received prizes, too. So, this kind of lottery was a sort of distribution of gifts by wealthy noblemen.