The lottery is a gambling game that focuses on chance. People who buy a lottery ticket do so with the hope that they will win a prize. Part of the profit made from the sales of lottery tickets is used to award those who win the lottery while the other part is used to pay for the costs of administration. The money that is left after both of those aspects have been paid is profit. Lotteries are legal in many countries and remain a popular pastime that brings with it a great deal of profit for any country.
In America, lotteries are operated throughout the state governments and there are no commercial lotteries allowed to compete against the state run lottery. The profits from the lotteries in each state are used to fund government programs. Lottery tickets can be purchased legally by any adult who is physically present in the state where the lottery is being held, regardless of whether or not they live in that state.
Historically, the lottery was conducted as a way to finance construction in early America. It also helped to pay for cannons which were used during the American Revolution. They were viewed as harmful to the general public by the 1820’s and soon fell into disfavor. It was the state of New York who was first to pass a prohibition against lotteries. The southern states still relied upon them to help finance reconstruction, and that made the Louisiana lottery one of the most popular ways to increase revenue. At the time, the Louisiana lottery winners did not have to pay taxes on their winnings, something which made it even more enticing. The prohibition period brought a great deal of negative feelings related to the lottery, feelings which were not reversed until the 1960’s and the New Hampshire lottery development.
Today it remains a popular past time, one which is popular throughout nearly every state. In America State lotteries burn up to 9% of the incomes that households take home each year. They're able to siphon over $50 billion per year from local businesses. State lotteries were once illegal but today exist in almost every state. What many people don't understand about the lottery is that in the United States there is not a single, large, federal lottery, but rather, multiple state lotteries, each of which bring in different amounts of profit for the state itself.
© 2012 theschwartzcenterblog.com | Ideas for Improving Your Essay writing