Today, the world’s lotteries are a large-scale and dynamic industry (up to 10% growth per year), that brings not only greater profits to their organizers, but more stable incomes to the budgets of states and to all sorts of charities. On average, each year the lottery tickets are sold worldwide billion dollars, with annual turnover of the lottery business in the U.S. of $ 30 billion, about $ 6 billion in Germany, about 8 billion dollars in Japan, Spain and Italy. One of the best recognized winning number looto is the UK National Lottery, which brings government and charities in proportion to their incomes more money than any other in the world.
With the sales of the British winlotto for the year 1997/98 amounted to 9,3 billion dollars, its revenues of the Government and charitable organizations amounted to 4.1 billion dollars that is a lot more than, for example, in Japan. Characteristically, many relatively small countries such as Israel or the Czech Republic, consider the win number lottery status (especially if speaking about the National Lottery) quite high, because income from their holding makes up a weighty part of the state budget and by scope of the lottery market goes up to a quarter cash flow of the country. Moreover, most countries in the lottery are an additional source of funding for social spending, the implementation of cultural and sports programs. For example, in Italy about 15% of the proceeds from the sale of lottery tickets goes to social spending and about a third of it goes to the budget income. In the Scandinavian countries, as a rule, the revenues from gambling and lottery business are financed by social welfare agencies. In Finland, a significant proportion of revenue comes from the sports organizations of state lotteries. The largest of them is the National Lottery of Finland – Veikkaus, which has annual turnover of the lottery more than 3,7 billion Finnish marks or about 630 million dollars. The payment of winnings from this amount is about 40% of all proceeds.
Excluding all other organizational expenses, the total revenue the company makes is about 40%, when nearly 90% of which goes to finance the physical culture and sports. The lotteries revenues allow the States withhold taxes at a lower level and to implement many sporting and humanitarian projects. For example, The Football Association got a grant of 120 million pounds from the National Lottery for the reconstruction of Wembley Stadium and in the mid 90′s in the UK there were held a charity raffle, proceeds of which went to the renovation of museums and restoration, as well as to the purchase of works of art that could be sold abroad. Virtually all the countries lotteries are held under the government control, providing well-regulated rules, liability rules, conduct of lotteries. All the lottery companies (both private and public) publish financial reports on their activities, which indicate how much was received in state funds and what income is spent for.
In Europe, the official lottery history began with drawing, which arranged for the widow of artist Jan van Eyck in Bruges, 24 February 1466, the 25 th anniversary of the death of her husband. Try your luck to get the prize money could anyone who buys a ticket. Collection was designed for the urban poor. There are two opinions on the lottery history. The first one considers that between the years 1520 and 1532 the King of France - Francis I - authorized the holding of lotteries in several cities in order to obtain personal and public revenues. The first known large-scale lottery, where the winnings were paid in money, was the so-called «De Lotto de Firenze» held in Florence in 1530. Its success was so great that the practice quickly spread to other cities in Italy. If we return to France, the Sun King Louis XIV once gave a win-win lottery...
The most complicated system of lottery prizes payment is the New York State lottery. Many players are looking for and can not find the answer to the question of where the money they won disappear. Under the rules of the New York State lottery the player must choose a form to claim a prize from teh two provided - annual payments or a lump sum - even when buying a ticket. In the case of annual payments the player gets 26 checks totaling $10 million over 26 years. The first 2,5% payment of the amount of winning (the taxes will be withheld from each payment) will be made 2 weeks after the transfer of the lottery ticket. A year later, the winner will receive the 2.7% of the winning amount. Each year, the payment amount will increase by ten percent until it reaches 5% or 500 thousand dollars. New York State Lottery...