June 17, 2020
Lottery in the UK
One of the most common and popular gambling forms is within the lottery. It has also been around for many years and is constantly increasing. Thanks to the popularity there is very big jackpots to be won. We will list everything that you need to know before you buy your first lottery ticket.
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Lottery not a new invention
Gambling and especially online betting might be on everyone’s lips these days. However, the attraction and excitement about gambling are as old as the dawn of man. Although the earliest tangible evidence stems from 200 bc in Ancient China. In an archaeological dig, tiles unearthed that tied to an early game of chance, with close resemblance to the Lotto product we see today. And the historical introduction of Lottery indicates that it was first used to fund government projects and fill the tax chest. And it might come as a surprise to you. But ivy league schools like Harvard and Yale both secure funding to start building by organising a lottery, and continue to do so to this day. Even the UK has been in the Lottery game since the Tudor period.
The UK and its Lottery history
Although the evidence doesn’t support the fact that the Lottery has been around as long as humanity been alive. However, we know that the earliest evidence of a UK nationwide lottery roots from Elizabeth I reign. In fact, in the 1560s, the UK was running low on money to build harbour facilities and ships. But instead of raising the taxes, Elizabeth I choose to initiate and support a lottery. Four hundred thousand tickets went for sale to the cost of 10 shillings apiece for a draw on January 11th 1567. However, the price structure back in those days was slightly different from what we see today. And besides from collecting cash prizes, also included in the winnings was linen, tapestries, and plates.
Camelot organised it from day one
Fast forward to modern time, more precisely November 19th 1994. Britain braced themselves for the first-ever Lottery in the UK draw put together by the operator Camelot. That caught the attention of 15 million players, and over 35 million tickets sold to the price of £1. In the televised event held by Noel Edmonds, the population was on the edge of their seat as the six number 30, 3, 5, 44, 14, 22 and bonus number 10 marked its place in history. The following day, it all became very real as seven jackpot winners presented to the UK and the world. Sharing a price pool of £5,874,778. Taking the inflation rate into consideration, the prize sum in today’s value would be £9,840,904.88!
Where to find the best Lottery in the UK
There is a couple of ways that you can partake in Lottery. However, not all types are as straight forward as the first-ever held in the UK. In fact, in recent years, the industry has boomed, and new ideas and concept have come to life. But one thing that has not changed is the organiser of the National Lottery, Camelot. That currently runs and operates six different Lottery type of games, which includes the long-lasting and fan favourite “LOTTO.” But also edgier “Set For Life” where a lucky winner gets £10,000 a month for 30 years! Also available on the site is the “Euro Millions” which guarantees a new millionaire every Tuesday.
Lottery best online
We think it is worth mentioning that just because you live in the UK, you should not limit yourself within the country borders. And just because Camelot has been around for a long time doesn’t mean it’s the best option for you. Indeed, some quick search online, and you see that you have more alternatives far more appealing compared to the National. Which is the option called “Bet on Lotto.” Now, to be sure that its reputable and reliable operators. All you have to it to check the licence. And nine out of ten, the licence issuer and regulatory body are The United Kingdom Gambling Commission (UKGC). Which is the same government organisation monitoring Camelot. So, in the end. As long as you see that the UKGC has issued a license, which any provider need to have to operate in the UK, you are in good hands. Also when it comes to online lottery there is plenty of these lottery sites that offer free lottery tickets. This is a way to attract new players but a great possibility for you on a chance to win money for free.
In for a king’s ransom, stay online
Sure, you might just walk down to your local shop and purchase a physical ticket. Although, word to the cautious, it comes with an added risk. And it’s as simple; you might actually lose the ticket! Therefore, filling your Lottery need online is far safer and convenient. Plus, playing online lotto grants you access to some of the biggest jackpots there is to win. In all fairness, who has not heard about the “Power Ball” or “Mega Millions.” Let’s take Power Ball as an example, just off the bat it’s far superior to any UK offered ones. With a minimum jackpot of £32,1 Million ($40 M) average out on £113 Million ($141 M) in its 27 years existence. But more impressive is the record-breaking sum of £1,272 Billion ($1,586 B) set back in January 13th 2016. That was split in between three different ticket holders.
Fun facts about Lottery
First off, you might not think that the number combination makes any difference, after all its random draw. Think again, or not, it depends if you are a statistics person. As a matter of fact, some number does come up more often than others. And the strange thing is that it depends on what country the Lottery is at. Where the US has a set number over-represented time after time, while the UK has a completely different. So, if you do rely on statistics, make sure to do some investigation before you place any bets. Also, a thing not to do is to put down 1, 2, 3, 4, 5, and 6 as the winning combination. As estimations are that around 3-5% of all handed in tickets have that combination. So if you don’t like to share your winnings, stay away from that combination.
Online Lotto versus Offline Lotto
Test of time, Lotto and its variation of the product has been popular for a long time now. Nevertheless, its a new dawn on the horizon which means that operators and betting shops need to adapt to the trends. These days it’s simply more to choose from than just one option, while in the beginning, buying a physical Lotto ticket was the only big winning product. Besides being an outdated option, the player demographic that spends the most money every week is between 50-64 years of age. Which, if we look at the latest trends in online gambling is not the target market. And so, the conclusion and verdict are that an offline option vill soon only be a page number in the history books.
Lottery has nothing to fear
That is to say, the product as a whole will remain popular. At least as long as there is an interest in gambling. In other words, the Lottery will stand out from the crowd, no matter the competition it faces. But, we will most definitely see many more variations, spinoff, and similar products as the future of Lottery carve its position in stone. And it goes to show, Old is still gold.