Tag Archives: Lottery

Lottery

Lottery

lot_sml

Lottery

Lottery

Lottery is often referred to a form of gambling which comprises of the drawing of the lots in order for the gamer to win a prize. Some countries have banned lottery while some government have been using this as a means of providing for different charity institutions. A portion of the profit of the lottery is being given to the different government organizations in order to provide help to the people of that certain country who are in need.

In the early parts of the 20th century, different forms of gambling which includes lottery were banned by different countries all over the world; these countries include some parts of Europe and the USA. After the World War II, lotteries together with casinos have started to appear in different parts of the world. They were used as a way to raise the revenue of the country adding to the taxes that are being collected from the people.

There are different forms of lottery. Depending on the organizer of the lottery, the prize can be a certain fixed amount or in the form of goods while some are giving a certain percentage of the total amount of tickets that were sold. There are also organizers who are giving 50% of their total revenue as a prize. The newest rule that was implemented by lottery groups is the ability of the purchaser to choose the number that he wants therefore making the risk of having multiple winners, in such case, the total amount of prize will be divided equally to the winners.

The winning combination in a lottery depends on the rule that was agreed on by the board of members of the organizers of the lottery, with this comes the different chances of winning for the bettors of the said gambling game. Although people know for a fact that there are a lot of people who are playing the lottery, they still would like to take their chance on the game; after all it is nothing but a gamble that they have to play.

There are countries where the prize has not been won in that particular day; the prize can grow higher which also increases the want of people to win the jackpot prize. There have been a lot of controversies that went along with lottery. There were reports of different security risks that were brought about by lottery to the bettor who won the game, this happened when the winners of the lottery were announced publicly, crime rates went up, which is the reason why the board of lottery organizations decided to keep the information about the people who won the lottery a secret.

There were different reports of fraudulent activities that were brought about by the legalizing of lottery in different countries around the world. These scams involved selling of machines to bettors and the seller will tell them that it will give them the guarantee of winning the game which is nothing but a scam. There were also cashiers who are trading winning lottery tickets with another ticket and will tell the bettor that he did not win at all, the cashier will then claim the prize.

lot2_sml