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Aug
Lotteries were first recorded in the Low Countries, where towns held public lotteries for poor people and for fortifications. The first documented lotteries may have been much older. A record from L'Ecluse dated 9 May 1445 mentions a lottery that yielded 4,304 tickets for a prize of florins, the equivalent of over US$170,000 in 2014. Statistical analysis of lottery salesIn a study conducted 10 years ago, two professors from Duke University found that low-income households spent more on lottery tickets than higher-income households. This finding sparked a controversy, since the lottery has been known to disproportionately impact African-Americans. However, the…