Buying Lottery Tickets Online
Lotteries have been in use for ages. Records of Chinese lotteries from the Han Dynasty (205-187 BC) show that they financed major government projects. The game has also been mentioned in the Chinese Book of Songs. While the word lottery comes from a Dutch noun meaning “fate”, its history is much older.
When evaluating lottery purchases, consider how much the prize would add to the consumer’s expected utility. If the lottery tickets are merely a means to achieve pleasure or avoid pain, the cost would likely be greater than the expected gain. Nevertheless, if the buyer can maximize the expected utility from the lottery, they may buy tickets.
Online lottery subscriptions are another option. This option allows customers to purchase tickets in advance for all drawings. Subscriptions vary in price, but the official state lottery websites usually charge the same price online as they do in the real world. As long as the customer meets the legal gambling age, they can buy tickets without hassle. Some states allow online lottery purchases, while others do not.
In the United States, there are 45 state lotteries. Washington DC and the US Virgin Islands also have lottery systems. While most states have their own in-house lotteries, others have multi-state versions that are available for purchase in every state. Many of these lottery systems offer both drawing and instant-win games.