An Age Old Lottery Secret

By: Michael McGrath

The lottery is very old indeed. However before we go into the history of the lottery I should explain where the name originates. It stems from a Dutch word (loterij) which means fate.

The National Lottery in Britain may have only started in the mid 1990s but Britain has been having lotteries since Queen Elizabeth I as far back as 1567.

Then in 1612 King James I used lottery money to help build the first British colony in America at Jamestown in Virginia. In fact there is evidence to suggest lotteries may have existed in Britain as far back as the Roman occupation.

The Euromillions draw may be one of the biggest lotteries in the world now but it is not Europe's first lottery. The first lottery offered prizes of paintings by Jan Van Eyck and was held in 1446.

Canals, housing and many other city building projects were paid for in 1465 in Belgium by proceeds from lotteries.

Italy first lottery is recorded to have been held in Florence in 1530 with money for prizes. Then in 1539 France held a lottery to try to cover the countries rising debt.

Th Netherlands have a national lottery that dates back to 1726 and has remained largely unchanged throughout the centuries.

China has been having lotteries for millennia and there is a large body of evidence that shows lotteries being held in 200 BC. The proceeds of some of these lotteries were used by the Chinese to pay for the building of The Great Wall.

We can determine that the lottery is way older than this though!

It is believed that lotteries date back as far as early Biblical times. The Book of Numbers clearly indicates that Moses was awarded land from a lottery win.

Article Source: http://yourfinance.co.za

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