Million Lottery

Million Lottery
Million Bank chest, specially designed to hold tickets from the Million Lottery

The Million Lottery was the first English State Lottery and was launched by the government in 1694.

In order to raise money for the Exchequer 100,000 £10 tickets were offered for sale as one of a series of measures to raise revenue to allow English participation in the Nine Years' War against France. Other financial innovations included the granting of a Royal Charter to the Bank of England and the creation of the country's first national debt.

The 'Bank on Tickets of the Million Adventure' or Million Bank was established in 1695 to manage the assets of subscribers.[1] In 1699 all other lotteries in England were banned but 42 further lotteries were run on the same basis until 1768. [2]

In an ostentatious demonstration of security, tickets for the lottery were kept in special chests with 18 locks.

References


Wikimedia Foundation. 2010.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • lottery — noun ADJECTIVE ▪ national, state VERB + LOTTERY ▪ have, hold ▪ We re having a lottery to raise money for homeless families. ▪ …   Collocations dictionary

  • Lottery — ticket redirects here. For the film, see Lottery Ticket (film). For other uses, see Lottery (disambiguation). A lottery is a form of gambling which involves the drawing of lots for a prize. Lottery is outlawed by some governments, while others… …   Wikipedia

  • Lottery jackpot records — are a matter of some interest to both participants and observers of this form of gambling.It is often said that the annual Christmas lottery in Spain, the Sorteo Extraordinario de Navidad, is the largest in the world. In 2003 its prize fund… …   Wikipedia

  • Lottery Bond — Lottery Bonds are a type of government bond in which some randomly selected bonds within the issue are redeemed at a higher value than the face value of the bond.They are government bonds and only issued by a government. They have been issued by… …   Wikipedia

  • Lottery! — was an ABC television series that premiered on September 9, 1983, and aired for one season of 17 episodes. The episodes centered around ordinary people who have won the lottery all of a sudden becoming millionaires and how it changes their lives …   Wikipedia

  • Million Dollar Maybe — The Simpsons episode …   Wikipedia

  • lottery — 01. She won almost two million dollars in the [lottery]. 02. I never buy [lottery] tickets because I read in the paper that you have more chance of being hit by lightning than of winning the grand prize. 03. What was the winning number in last… …   Grammatical examples in English

  • Lottery mathematics — This article discusses the way to calculate various probabilities in a lottery game in which one selects 6 numbers from 49, and hopes that as many of those 6 as possible match the 6 that are randomly selected from the same pool of 49 numbers in… …   Wikipedia

  • lottery — /lot euh ree/, n., pl. lotteries. 1. a gambling game or method of raising money, as for some public charitable purpose, in which a large number of tickets are sold and a drawing is held for certain prizes. 2. any scheme for the distribution of… …   Universalium

  • lottery */ — UK [ˈlɒtərɪ] / US [ˈlɑtərɪ] noun Word forms lottery : singular lottery plural lotteries 1) [countable] a game designed to raise money by selling lottery tickets that people buy hoping that their numbers are chosen by chance in the draw so that… …   English dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”