The history of the lottery goes back as far as the 17th century in the Netherlands, where towns held public lotteries to fund a variety of projects. The game proved popular and was hailed as a painless taxation method. The oldest continuously running lottery is the Staatsloterij in The Hague, Netherlands, and was established in 1726. The word lottery comes from the Dutch noun “lottery”, which means “fate.”
During the Middle Ages, governments used lotteries to raise funds for roads, libraries, and colleges. In the 1740s, George Washington organized many lotteries. The lottery tickets from his 1768 Mountain Road Lottery became collector’s items and sold for $15,000! Today, many governments recognize the value of lotteries, and most have monopolies in the market. This prevents private enterprises from competing against the government. In fact, the lottery industry has grown to a billion dollars worldwide, and is worth nearly $27 billion in 2015.
While joining an official lottery site ensures your security and legality, many amateurs aren’t aware of the other benefits. Official live draw hk sites are more likely to pay out a jackpot to the winner than other sites, as these companies have much less competition. Plus, you won’t get generous bonuses or promotions from other sites and cannot take your money elsewhere if you don’t win. If you’re thinking about buying lottery tickets, here’s what you need to know.