Should You Turn in Your Lottery Tickets?
After winning the lottery, many people wonder if they should turn in their tickets immediately. While the decision to turn in your tickets is an exciting one, it may also put you in a legal bind. You may have to reveal your name or P.O. box in order to claim your prize, and some lotteries require you to divulge your name. Nonetheless, you may want to keep your identity out of the spotlight and form a blind trust.
The first recorded lotteries were held during the Roman Empire. These lottery events were intended to amuse the guests of the royal court, and they mainly involved drawing lots to determine which party guest would receive a prize. The prizes of these lotteries were usually fancy dinnerware or other items of value. In addition to being popular in Europe, the lottery became tied to the United States in 1612, when King James I of England created a lottery to help fund the settlement of Jamestown, Virginia. The lottery was used by public and private organizations to raise funds for wars, towns, colleges, and public works.
In the United States, state governments run lotteries. These are monopolies, meaning that commercial competition is prohibited. The government uses the profits to fund government programs, while players pass on the prize claim to another person. As of August 2004, the U.S. operated forty lotteries. As of this writing, approximately ninety percent of the country’s population lived in a lottery state. Anyone physically present in a lottery state may buy a lottery ticket.
In a lottery game, players must choose six numbers from 50. It is important to remember that the order of the numbers is not as important as the actual lottery numbers. If you choose six numbers that are within this range, you stand a very slim chance of winning. In fact, 70% of jackpots fall within this range. For this reason, you should not choose numbers that end in the same digit as your chosen ones. This is because you can’t control the lottery results.
Although colonial America had several lotteries, none was particularly successful. Benjamin Franklin supported the use of lottery proceeds to fund cannons during the Revolutionary War. Likewise, George Washington was the manager of a “Slave Lottery” in 1769. The lottery advertised slaves and land as prizes. This was an unsuccessful venture that ended in a mass riot. In 1769, Washington was president of the United States and promoted its use.
The first lottery slips were found in China, which dates back to 205 BC. It is believed that the money from these tickets helped finance major government projects. In China, the game of chance was even mentioned in the Chinese Book of Songs, where “drawing of wood” or “drawing of lots” were the methods used. There is no doubt that it is an old tradition, but it doesn’t mean it isn’t worth the risk.