The History of the Lottery in America

Many Americans are big fans of the lottery. Plenty of people love playing the lottery, and are attracted by the quest for easy money. We all have heard of the hardworking waitress who strikes it rich overnight, or the office worker who retires to Bimini after the big win. But for some lottery fans, the ticket is the score. Some people actually collect old lottery tickets that have historic appeal.

Many collectors purchase wager tickets because they have an important autograph, or because they were started to fund a historic effort. The very first authorized lottery in the United States was the 1744 Massachusetts Government Lottery. All tickets for this lottery were signed by lottery directors including Samuel Watts.

If you were there in 1744 and wanted to purchase a ticket, it would have cost you thirty shillings, but you would have had a 22% chance of being a winner. You would have gone to Faneuil Hall for the first drawing. This lottery was such a huge success that it inspired the other colonies to host their own lotteries.

Benjamin Franklin even organized lotteries. He held his to raise money for purchasing arms for the military arsenal. Many collectors seek this tickets because Franklin was one of America’s founding fathers thai lottery today live.

You can even find tickets to the lottery held to fund the Revolutionary War. In November 1776, the Continental Congress authorized the establishment of the United States Lottery for this purpose. Early American history collectors prize these tickets, for obvious reasons.

Another famous historic lottery is the Mountain Road Lottery of 1768. This lottery was managed by George Washington Ð and the tickets from this lottery bear his autograph. For this reason, collectors also seek out these tickets.

If you don’t mind having a reproduction, you can find reprints of these lottery tickets for a fraction of the cost of the originals. However, if you insist on having an authentic ticket, you can expect to pay for the privilege. In a recent auction, authentic lottery tickets with Washington’s autograph sold for more than $15,000 each.

For collectors, the thrill of finding historic lottery tickets is significant. Maybe not as much of a thrill as winning millions, but it’s still quite a joy to find that ticket you’ve been searching for.

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