Categories: Gambling

The History of Lotto


The history of the lotto can be traced back to the 17th century. The Dutch began holding lotteries to raise funds for the poor and for various public purposes. This system was widely popular and hailed as a method of painless taxation. In fact, the oldest continuously running lottery, the Staatsloterij, was founded in 1726. The word lottery was derived from the Dutch noun “lot,” which meant “fate.”

Lotto is a handjob

Some people say that playing lotto is a handjob. The phrase comes from rubbing someone else’s head, and in this case, the head belongs to a woman. While this may seem like an euphemism, it is not at all sexist. It’s just that the game is often performed by males, who rub the heads of female lotto players. The females, meanwhile, ask males for sex and answer “no”. So, the game of lotto is a handjob for women.

Keno slips were the first recorded signs of a lotto

Lottery games have been around for centuries. The word ‘lottery’ comes from the German word ‘hleut’, meaning ‘lot’. The first known signs of a lottery date back to China, where keno slips were used to fund large government projects. The Chinese Book of Songs also mentions the “drawing of wood” as a common way to fund large projects.

Lotto Gluck was sitting in the shadows on the edge of the center ring

The picture depicts a statue of Apollo on a plinth in the right background, with the skull presumably representing the vanitas symbol. It is extremely damaged, and was originally in the collection of the Italian painter Paolo Paolini. Later, it was acquired by the Austrian Count Seilern and given to the Princes Gate collection. Its attribution to Lotto is incorrect, but it has been preserved in the museum.

One-time payment is a “smaller” amount than advertised (annuity) jackpot

If you win a lottery, it is common to receive a lump-sum payment instead of the monthly payments advertised. The lump-sum payment is generally smaller than the jackpot amount because of taxes on the full amount and a discount for paying up front. However, you are free to use the money however you wish. You can invest it to earn a return.

Lotto payouts are not necessarily paid out in a lump sum

A lottery payout may come as a lump sum, but sometimes the winners choose to receive payments over a period of time. Mega Millions and Powerball payouts are both paid in a lump sum that is divided into 29 annual payments that are five percent larger each than the previous payment. These payments, sometimes referred to as “lottery annuities,” are actually period-certain fixed immediate annuities backed by the U.S. government.

Article info