The first recorded lotteries were held in the Low Countries, where towns organized public lotteries to raise money for town fortifications and poor residents. Some town records suggest these lotteries were much older than that. For example, a record from the town of L’Ecluse mentions a lottery held on 9 May 1445 that paid out 4,304 florins ($170,000 in 2014).
STRIPS (Separate Trading of Registered Interest and Principal of Securities)
STRIPS are investment instruments that allow you to invest in government securities without risking your principal. The principal portion is the bond’s face value, while the interest is the interest paid on that face value. Both portions of a STRIPS are taxable, so if you earn interest on one and not the other, you’ll pay taxes on the difference. However, you can place the interest portion of a STRIPS in a tax-deferred account. STRIPS are not directly available for purchase from the U.S. Treasury, but are sold over the counter to dealers or on the secondary market.
George Washington’s Lottery
Lotteries have a rich history in the United States, dating all the way back to George Washington’s Lottery. The idea was to use the money to build the Mountain Road. The idea was supported by Benjamin Franklin, who also endorsed the use of lotteries to purchase cannons for the Revolutionary War. A similar idea was formulated by Col. Bernard Moore, who offered prizes of land and slaves.
Mega Millions
The Mega Millions lottery is a weekly drawing that takes place on Tuesdays and Fridays at 11 p.m. Eastern Time. It is broadcast on local television and online, and individual retailers can stop selling tickets earlier or later. However, you cannot return or cancel your tickets unless you win the jackpot. If you are the winner, you will be required to claim your prize within one year of purchase. This lottery is not available in every state.
New York Lottery
The New York Lottery is a state-run lottery that began in 1967. The lottery is part of the New York State Gaming Commission and provides revenue to help fund public education. Its headquarters are located in Schenectady. A winning ticket can win you millions of dollars! Here’s how to play! And if you’re still not convinced, check out our guide to winning the lottery! 🙂 And if you haven’t tried it yet, we’ve got some exciting news for you: the New York Lottery is back!
State-sponsored lotteries
Many people have a negative perception of gambling and state-sponsored lotteries have played a large role in dispelling that notion. These lotteries are often perceived as a substitute for taxation, but in reality, many of them are far more expensive than taxation. The administrative costs of operating lotteries can easily exceed their revenue estimates, as many players stray into competing states for their tickets or simply lose interest after a while.
Online lotteries
Unlike traditional lottery games, online lotteries have several advantages over their traditional counterparts. They eliminate the possibility of losing a ticket, allow you to pick numbers from the comfort of your home, and send proof of your bet via email. They also save trees, since players no longer need to leave their home to purchase a ticket. Online lottery sites also often offer customer support via email, phone, or live chat. Listed below are some of these benefits.
