Would it surprise you to know that lotteries played a major part in the funding and founding of the first colonies in what is now the United States? King James I granted the Virginia Company of London the use of lotteries to finance not only Jamestown (the original colony of America), but also the crossing of the Mayflower in 1620. Lotteries have been a popular type of gambling for centuries, much as we use municipal bonds today, most often run by governments and cities, and they can be traced back to the Chinese Han Dynasty from 205 to 187 B.C.
In the early days of America, records show that over 200 lotteries were permitted between 1744 and the American Revolution, and these lottery games played a vital role in the funding of roads, libraries, churches, colleges, bridges, and other public works lottery sambad. Some of the first esteemed universities, such as Princeton, Columbia University, Harvard and the University of Pennsylvania, got their original funding from lotteries. And like future “war bonds”, lotteries also played a part in supporting the war efforts during the French and Indian Wars and the American Revolution. Rare lottery tickets with George Washington’s signature can still be found, and numerous founding fathers of our country participated and sponsored them, encouraging the general public to participate.
In Western Europe, lottery’s history dates back to the 1400s as France gave birth to their popularity. This initiative was followed by King Francis I of France who allowed lotteries to operate from 1520. Seeing its success in 1567, England’s Queen Elizabeth the First established what is believed to be the first British state lottery, with the prize being hard cash along with some tangible goods, and thus began the success and use of lotteries in England and the Colonies.
In 1744 the first lottery was introduced in colonies like Massachusetts to overcome military debts. But it was in 1776 when the first national lottery was introduced by the Continental Congress. The main goal was to raise funds for the American Revolution.
Over in Western Europe, the first municipal lottery “La Lotto de Firenze” in Florence, Italy was introduced in 1930 and offered a cash prize to attract participants, and other Italian cities followed the same path. As popularity and success gained momentum, many countries legalized lotteries, and of course now with the advent of the internet, people worldwide have the opportunities to play lottery online, where you can find an array of websites offering betting systems and software to assist your chances of winning.