Turns out lotteries are very "American" - WRBL

Turns out lotteries are very "American"

Posted: Updated:
Early English lottery ticket Early English lottery ticket
TAMPA, FL (WFLA) -

According to History of Lottery researchers, after the first English lottery approved by King James I in 1612 that granted the Virginia Company of London the right to raise money and therefore found the original settlement, lotteries in the colonies continued to be popular. In fact lotteries played a significant role in the financing of building and improving the colonies. Records show that over 200 lotteries were permitted between 1744 and the American Revolution, these played a vital role in the funding of roads, libraries, churches, colleges, bridges, and other public works. Princeton, Columbia University, and the University of Pennsylvania began by being financed by lotteries. Lotteries also played a part in supporting the war efforts during the French and Indian Wars and the American Revolution. Rare lottery tickets with George Washington's signature can still be found and are worth about $15,000 today.

Alexander Hamilton wrote that " Everybody...will be willing to hazard a trifling sum for the chance of considerable gain...and would prefer a small chance of winning a great deal to a great chance of winning little." while the Continental Congress employed lotteries to aid in the war effort. The lotteries were especially useful in raising funds as taxation was a sensitive issue among the colonists, unfortunately this practice also led to the belief that lotteries were/ are a form of hidden tax.

Although lotteries continued to be popular after the Revolution, by the late 19th century they became known for mismanagement and scandals and started to be banned in many states. The Louisiana State Lottery (1868-1892) became the most notorious state lottery and was known as the "Golden Octopus" as it reached into every American home. The Louisiana lottery especially was a breeding ground of corruption having bribed the legislators into a fraudulent deal, during a time when other states were viewing lotteries and gambling with suspicion. In July of 1890 President Harrison sent a message to Congress insisting that "severe and effective legislation" be enacted against lotteries. Congress agreed and banned US mails from carrying lottery tickets almost immediately and in 1892 upheld a law to put a complete halt to all lotteries in the US by 1900.

  • 8 On Your SideMore>>

  • Mortgage nightmare for Plant City couple

    Mortgage nightmare for Plant City couple

    Wednesday, April 16 2014 7:57 AM EDT2014-04-16 11:57:42 GMT
    Karl and Vicktoria Hanson thought their foreclosure nightmare was long over. It may be just beginning.
    Karl and Vicktoria Hanson thought their foreclosure nightmare was long over. It may be just beginning.
  • Bradenton massage therapist banned from contact with women by state

    Bradenton massage therapist banned from contact with women by state

    Tuesday, April 15 2014 5:03 PM EDT2014-04-15 21:03:21 GMT
    The Florida Department of Health says it served licensed massage therapist Kevin Joseph Holmes, 60, with an emergency order Tuesday morning that bans him from working with female clients.The Florida Department of Health says it served licensed massage therapist Kevin Joseph Holmes, 60, with an emergency order Tuesday morning that bans him from working with female clients.
    The Florida Department of Health says it served licensed massage therapist Kevin Joseph Holmes, 60, with an emergency order Tuesday morning that bans him from working with female clients.The order says Holmes "unrestricted practice as a massage therapist with female clients constitutes an immediate serious danger to the health, safety, or welfare of the public
    The Florida Department of Health says it served licensed massage therapist Kevin Joseph Holmes, 60, with an emergency order Tuesday morning that bans him from working with female clients.The order says Holmes "unrestricted practice as a massage therapist with female clients constitutes an immediate serious danger to the health, safety, or welfare of the public
  • State takes emergency action against Bradenton massage therapist after 8 On Your Side investigation

    State takes emergency action against Bradenton massage therapist after 8 On Your Side investigation

    Monday, April 14 2014 7:09 PM EDT2014-04-14 23:09:06 GMT
    Kevin Holmes, massage therapistKevin Holmes, massage therapist
    According topolice records Kevin Holmes, age 60, toldinvestigators the client he gave a therapeutic massage to last month"was an attractive girl, plain and simple."It turns out she was also an off-duty detective, and Holmes said what he did to her was "absolutely inapproriate."
    According topolice records Kevin Holmes, age 60, toldinvestigators the client he gave a therapeutic massage to last month"was an attractive girl, plain and simple."It turns out she was also an off-duty detective, and Holmes said what he did to her was "absolutely inapproriate."
  • NewsMore>>

  • Man exposes himself at Palmetto school bus stop

    Man exposes himself at Palmetto school bus stop

    Wednesday, April 16 2014 10:51 AM EDT2014-04-16 14:51:17 GMT
    The Manatee County Sheriff's Office is investigating a report about a man who exposed himself at a school bus stop in Palmetto on Wednesday morning.
    The Manatee County Sheriff's Office is investigating a report about a man who exposed himself at a school bus stop in Palmetto on Wednesday morning.
  • Gun range approved for Tarpon Springs

    Gun range approved for Tarpon Springs

    Wednesday, April 16 2014 10:50 AM EDT2014-04-16 14:50:31 GMT
    The Tarpon Springs City Council has approved a massive new gun range.
    The Tarpon Springs City Council has approved a massive new gun range.
  • Combat vehicles in east Ukraine fly Russian flag

    Combat vehicles in east Ukraine fly Russian flag

    An Associated Press reporter says he saw a column of combat vehicles in an eastern Ukrainian city, occupied by pro-Russian insurgents and flying Russian flags.
    A column of armored vehicles flying Russian flags drove into a Ukrainian city controlled by pro-Russian insurgents Wednesday, dampening the central government's hopes of re-establishing control over restive eastern...
Powered by WorldNow

1350 13th Avenue
Columbus, GA 31901

Telephone: 706.323.3333
Fax: 706.327.6655
Email: news@wrbl.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.