Interesting Facts About the History of the Lottery

lottery

The lottery fever spread across the country in the 1980s. Seventeen states and the District of Columbia introduced their own versions of the game. Six more joined in the 1990s and 2000, with North Carolina, Oklahoma, South Carolina, and Tennessee joining in after that. Since then, lottery fever has spread throughout the world. Here are some interesting facts about the history of the lottery. A look at some of the countries that have lotteries is also in order.

French lotteries

The Francaise des Jeux, or FDJ, is a national lottery in France. It is a 72% government-owned agency that manages and oversees all lotteries and sports betting in France, and the overseas departments of the French state. France’s Loto also supports sports injuries in France, with its proceeds contributing EUR2.3 billion to the French public budget in 2005. A cycling team, the FDJ, was named for the Francaise des Jeux lottery. And the French lottery also has a positive effect on the economy by paying retailers commission of EUR484 million for FDJ lotto sales.

Dutch state-owned Staatsloterij

The Dutch state-owned Staatsloterij is one of the oldest continuously running lotteries in the world. The lottery began in the Low Countries, where the first draws were tax-free and widely hailed as a way to assist the poor. Today, the Staatsloterij continues to offer prize payouts to 4.3 million people each month and boasts a storied history. The lottery draws a winner every tenth of the month.

French state-owned Tri-State Lottery

France’s state-owned lottery, the FDJ, has been privatized to raise EUR1 billion in cash. Its license to operate lottery games and non-online sports betting makes it the second-largest betting company in Europe and the fourth-largest in the world. While the FDJ pays an annual contribution of about EUR3.5 billion to the government, the sale of the lottery has drawn criticism from some political parties and opposition figures. The FDJ’s shareholders include veterans’ organizations, some employees, and other large-scale financial institutions.

Irish state-owned Tri-State Lottery

The Irish lottery is owned by An Post, which operates it alone. The government hopes to sell the lottery’s retail unit for at least three billion euros by the end of the year, raising the remaining funds for various projects. However, the number of games offered may differ between states. The lottery’s four-figure annual revenues have dropped steadily since 2009 and it is now on a downward trend.

American state-owned Louisiana Lottery

The story of the American state-owned Louisiana Lottery is not a happy one. The lottery company has been accused of bribery since its inception. It was accused of inducing state legislators to vote in favor of its lottery program, generating large sums of money for newspapers that carried its advertising. It even hired Confederate generals to oversee its drawings, publicly supporting it during a time of controversy.