Wednesday 11 January 2023

a very rich lotterie generall, without any blankes (10. 405)

Officially chartered by Queen Elizabeth I three years prior as the earliest recognised state lottery notwithstanding earlier experiments with drawings and raffles to raise funds, as our faithful chronicler informs, the first drawing for the jackpot occurred on this day in 1569, designed to raise money for the “reparation of the haves and strength of the Realm, and towardes such other publique good workes.” At ten shillings a piece, the four-hundred thousand tickets issued—some three weeks wages for the ordinary subject and pricing most out of the competition—were essential an interest free loan for the government with the grand prize, a combination of fiat tender and valuable fineries such as silver and tapestries, assessed at around £5 000. The winner was also entitled to granted immunity from one arrest—a get out-of-jail free card, provided that the crime was not piracy, murder, felonious or treasonous. State lotteries in England ran through 1826, folding under pressure from parliamentary opposition and public ridicule for dignifying such speculative pursuits.