Article: Lottery

LOTTERY

LOTTERY. Although lotteries had been utilized as a means of redistributing goods and wealth since Roman times, they began to develop on a large scale in fifteenth-century Europe, where they were used by governments as a means of raising revenue. The first recorded lottery was held in 1420 in Burgundy, with the proceeds going toward the fortification of the town. The state of Germany established a national lottery in 1521; between 1520 and 1539, the French loterie, created by Francis I, enriched some individuals as well as the nation; and Florence's La Lotto de Firenze was the first public lottery to pay money for prizes in 1528. In Britain, Queen Elizabeth I chartered a ...

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