DES MOINES, Iowa - At over US$1 billion, the Mega Millions jackpot is among the largest lottery prizes ever up for grabs, making it the latest focus of lotteries that have been conducted in the U.S.
and around the world for centuries.
Lotteries in the U.S. initially mirrored similar games in Europe, and in 1776 one was created to help fund the Revolutionary War. The U.S. Mega Millions and Powerball games can offer bigger individual prizes, but El Gordo's 2.4 billion euros is the biggest game for total prizes. About 70% of the lottery's proceeds pay for prizes, with the remainder going to the government.
Purchasing and sharing decimos – especially in the run-up to Christmas – is a tradition among families, friends, co-workers and in bars and sports and social clubs. People line up, even in the cold and rain, outside lottery offices, especially those that have sold winning tickets in the past. David Schwartz, a professor and gaming historian at the University of Nevada, Las Vegas, noted that lotteries have long histories throughout the world, in part because they are simple to play and offer rare but potentially huge winnings.
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