The Hidden Tax of Playing the Lottery

While the odds of winning the lottery jackpot are extremely slim, it is one of the most popular forms of gambling around the world. Whether you enjoy playing sociably with your friends and family or for money, chances of winning the lottery are minuscule. And while it’s fun to play, the hidden tax of playing …

The World’s Oldest Lottery

The practice of dividing property by lot dates back to ancient times. The Old Testament instructs Moses to take a census of the people of Israel and divide it by lot. Roman emperors used lotteries to distribute property and slaves. Lotteries were also popular dinner entertainment in ancient Rome and were called “apophoreta” – Greek …