The History of the Lottery


The lottery is one of the oldest forms of public funding, and it has been used by various states and the Continental Congress to fund their various public projects, such as the Colonial Army. Alexander Hamilton, the founder of the United States, believed that lotteries should be kept simple so that people would be willing to risk a small amount for a larger potential gain. Despite this, people were still leery of lotteries, believing that they were simply a form of hidden tax.