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Lotteries are government-sponsored games of chance in which participants purchase a ticket or tickets in order to win a prize, often a cash prize. The profits from the sale of lottery tickets are then used for a variety of public purposes, such as assisting charities and funding sports and cultural activities. In some countries, the proceeds from a lottery may also be used to reduce taxes and pay for public services.
In the United States, lotteries are operated by individual states, or sometimes by a multistate grouping of states (commonly referred to as a Powerball game). Each state may have varying rules and regulations for how the lottery is run. Generally, the lottery is administered by a state-owned corporation or commission that is charged with setting the odds and prizes for each game. Lottery games are popular in many parts of the world and have become an important source of revenue for governments and private businesses alike.
The first lottery was established by the French monarchy in the 16th century. After two centuries of prohibition it was revived by King Louis XIV in the 17th century, and by the 18th century it was well established throughout Europe as a form of social entertainment and charity. Today, most countries have state-run lotteries. There are also privately run lotteries and keno, and in some jurisdictions there is a mixture of both types of games.
Before 1967 buying a lottery ticket was illegal in Canada, but that year the federal Liberal government introduced an Omnibus Bill intended to bring up-to-date a number of obsolete laws, including those concerning lotteries. While the bill was still being debated Montreal mayor Jean Drapeau proposed a “voluntary tax” wherein players would pay $2.00 to enter a draw and answer four questions about Montreal in order to win a prize, but Drapeau argued that his “tax” did not violate federal law.
A Laotian immigrant in Portland will share hundreds of millions of dollars with a friend after winning the Oregon Lottery’s Mega Millions drawing. Forty-six-year-old Saephan Chao, a member of the Iu Mien ethnic group, attended a news conference with his wife Duanpen on Monday to announce their good fortune. The couple will take half the prize money and give the other half to a close friend. The total prize money is over $1.3 billion dollars, but it will be paid out over 30 years. The winner will pay approximately $422 million dollars in federal and state taxes.