A lottery is a game in which you win money by picking a number at random. Lotteries are legal in some countries, while others have banned them. Some governments have national and state lotteries, while others regulate their operation. In the Netherlands, the state-owned Staatsloterij is the oldest lottery in existence.
Spanish lotteries were abolished in 1836
Spanish lotteries were first held in Cadiz, Spain, in 1812. The lottery was meant to raise money for the Spanish forces fighting Napoleon. It cost 40 reales, which is about 6 cents in modern currency, to enter. The grand prize was 8,000 pesetas, about EUR50 today.
The abolition of the state lottery encouraged private lotteries, which fell under the penal code of 1810. Articles 410 and 475 of this law penalized the running of public games of chance. The Act of 21 May 1836 further restricted lottery play. Today, lottery tickets are sold online, though the markup is usually large.
The Spanish lottery has a long and rich history. The first draw was held in 1812 and was the second-longest-running lottery in the world. The lottery raised money for the Napoleonic army, and the tickets cost 40 reales (about six cents in modern currency). In 1836, the government dissolved the lottery and reinstituted it as a department of the Ministry of Finance.
Spanish state-owned Staatsloterij
Since 1665, the Dutch state-owned Staatsloterij has been awarding prize money. It is a draw lottery and does not award a jackpot. Instead, it is more of a raffle, similar to Spain’s Loteria Nacional. The lottery draws take place every tenth of the month and has a record of awarding prize money to 4.3 million players per month.
The Staatsloterij is one of the oldest continuously-running lottery games in the world. The lottery is a tax-exempt organization. This means that it does not have to pay taxes, unlike most lottery prizes. In addition, it has a rich history, dating back to the Middle Ages.
The Staat Loterij draws take place sixteen times a year, with jackpots of EUR 30 million and more. The draw is held on the tenth of each month, between 6pm and 9pm CET. It is possible to win EUR 50 million or more in a single draw! There are also special draws held every three months, on April 27th and December 31st.