Lottery Tax Rates in European Union
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Ranked from highest to lowest, with comparative-equivalent indications of national tax rates Rank Member State Rate of taxation as a percentage of gross revenue 1. Belgium Reserved to public sector and/or public interest objectives 1. Cyprus Reserved to public sector … Read More

Economics of Gambling in Hungary – Lottery
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Betting and gaming in Hungary is under the authority of the Ministry of Finance and is supervised by the Hungarian Gambling Supervisory Authority. The state lottery, Szerencsejáték Zrt., was founded on 1 January 1991 as the successor to the Sports … Read More

Economics of Gambling in Germany – Lottery
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Each of the sixteen regional or lander governments has delegated power to set standards for casinos, lotteries and sports betting. Each lander is free to determine its own tax rate. The average gambling tax is nearly 80%, with some as … Read More

Economics of Gambling in Belgium – Lottery
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There are five classes of legal gambling in Belgium, each with licenses offered that are valid for fifteen years. The categories of licenses are: – Class A – Casinos; – Class B – Amusement Arcades; – Class C – Public … Read More

Modern history of lottery
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Harvard Lottery Ticket 1811 American lottery The numbers game operated out of “Policy shops”, exactly where bettors decide on numbers, have been inside the U.S. before 1860. In 1875, a report of a pick committee with the New York State … Read More

Punchboard
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A punchboard is a game board, primarily consisting of a number of holes which was used once for lottery playings. History Punchboards were originally used in the eighteenth century for gambling purposes. A local tavern owner would constuct a game … Read More

Powerballs And Bonus Balls
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Many lotteries have a “powerball” (or “bonus ball”). If the powerball is drawn from a different pool of numbers from the main lottery, then simply multiply the odds by the number of powerballs. For example, in the 6 from 49 … Read More

Lottery Mathematics – Odds of getting other scores in choosing 6 from 49
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One must calculate the total number of lottery combinations (c(49,6) = 13,983,816, as explained in the section above), and divide it by the number of those combinations which give the desired result – which equates to the number of ways … Read More

Modern keno
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Keno, in its modern form, is like a lottery or bingo in that it is a numbers game. Unlike bingo, the keno player picks the numbers for his or her ticket(s). Keno cards have 80 numbers; the keno player can … Read More

Basset
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The game of Basset (in French Bassette, from Italian Bassetta) was considered one of the most polite games with cards, and only fit for persons of the highest rank to play at, on account of the great losses or gains … Read More

Lottery jackpot records
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Lottery jackpot records are a matter of some interest to both participants and observers of this form of gambling.It is often said that the annual Christmas lottery in Spain, dubbed El Gordo (The Fat One), is the largest in the … Read More

Bovine bingo
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Bovine bingo is a traditional rural fundraising game that is often played at country fetes and summer fairs, usually for fundraising purposes.Bovine bingo is not really a form of bingo, but a form of lottery. The game is set up … Read More

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