Category: Lottery

What is Lottery Ticket? Know more Interesting Facts of Lottery.

Lottery is Type of gambling in which winners are chosen by drawing of lots, from among those who have paid money to participate. Promotional schemes requiring a consideration (a purchase) to take part, and offering prizes only on the basis of random chance are considered a lottery and are generally illegal. In comparison, a sweepstake eliminates consideration and a contest eliminates chance. Unlike a sweepstakes, a lottery is a promotional device that contains all three elements – prize, chance and consideration (a purchase or fee). Items of value (prizes) are awarded to members of the public by drawings (chance), but requires some form of payment or purchase (consideration) to participate. Although making decisions and determining fates by the casting of lots has a long record in human history (including several instances in the Bible), the use lotteries for material gain is of more recent origin, although of considerable antiquity. The first recorded public lottery in the West was held during the reign of Augustus Caesar for municipal repairs in Rome. The first recorded lottery to distribute prize money was held in 1466 in Bruges, in what is now Belgium, for the announced purpose of providing assistance to the poor.Lottery is not a good idea since it has a lot of negative factors that are included along with this idea. Negative factors such as lottery wastes your money, it builds the habit of being greedy and also can harm your life in the long term.Lottery is a game where a person out of millions is randomly picked and if found lucky wins the money. In other words it is just a game which has luck by chance. However, people can win lots of money from lottery which can be beneficial for them to fulfill their needs. Needs such as buying clothes, food and things which are used in the day-to-day life. Despite all these things, lottery still wastes your money because the idea of winning a big amount or even a small amount gets you obsessed with playing lottery again. Therefore, you end up being poor with wasting all the money you have got by playing.In addition, participating in lotteries may quickly become a form of gambling addiction. Gambling implies playing a game that has uncertain outcomes with an intention to win or lose capital . A lottery, by all means, is a game of uncertain outcomes, in which its participants win prizes or lose money . Both can become an addiction, which can manifest itself in a desire of an immediate recoup after losing, regular bidding, or in terminal cases, even mortgaging property and taking huge loans to pay for the addiction.Lotteries, despite their seeming safety and innocence, are treacherous and dangerous. They are harmful for national economies and is a hidden form of tax, which even poor people pay eagerly in their hope to get rich in no time. 


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