Sunshine Coast A Big Winner For Lottery Sector; Punters
To Win Homes Via BoysTown Gambling...
steal from the rich to give to the poor! Ok, not exactly,
but read on and you will get the drift soon enough.
The Sunshine Coast has long been regarded as a prize
location by local residents, but now a range of national
and state lottery organisations are taking notice.
BoysTown Lotteries recently unveiled a million-dollar
home in Buderim as its latest prize home offering.
Located at 22 Orme Rd, the home is part of a prize
package worth more than $1.5 million. It is arguably
one of Buderims most beautiful homes, according
to BoysTowns general manager fundraising Keith
Coventry. "Our previous lottery prize home was
in Nerang (Gold Coast) and the one before that was
in Rainbow Bay (Coolangatta). Now we find ourselves
in Buderim on the Sunshine Coast. When deciding on
a prize home, we look at the property itself and then
the desirability of the location and the features
of the area," Coventry said. "I think the
thing about Buderim is that you are close to the beach,
but you also have those great views over the ocean
and the coastline. I guess you get the best of both
worlds. "The Buderim home has been particularly
popular and the retail sales have been very strong."
Yet another contender in the Coasts prize pool
is a home in Mount Coolum, raising funds for the Mater
Foundation as part of the Mater Prize Home Lottery.
Also sporting a million-dollar price tag, the home
is located at 47 Boardwalk Blvd in Coolums Boardwalk
Estate. Twin Waters is the site of Surf Life Saving
Lotterys prize home, which is valued at more
than $750,000. The three-bedroom home at Lot 4 Ameen
Cct comes with $41,832 in furniture and electrical,
along with 12 months paid council rates. Coventry
said funds raised from the BoysTown lottery would
assist the Kids Helpline service, which was in particular
demand since the recent floods. "Kids Helpline
is certainly taking a lot more calls from kids who
are worried about the impacts of the floods, or who
have been affected by the floods. A lot of people
are seeking assistance with the mental health aspects
of this natural disaster, so I think that is certainly
going to be the focus of much of our fundraising over
the coming months." The money raised from Mater
lotteries help funds medical research teams and the
purchase of life-saving medical equipment, as well
as supporting patients and families. Surf Life Saving
lotteries assist Surf Life Saving clubs around the
country. Aussies, feeling lucky. Go on, give them
a go, and you know the money is going to a good place,
if you don't happen to win. Mind you, feel welcome
to check out the slots, poker, bingo and other casino
games showcased on the portal also. BoysTown Lottery
will set you back a bit, while at Media Man partners
like PartyGaming, many games can be played for free
or for money. The choice if yours. Hours of entertainment
for young and old - just kidding, check legalities
but most counties insist you are at least 18 years
old to gamble, and that includes from lottery to poker
to slots, ok crew!
lottery is a form of gambling which involves the drawing
of lots for a prize. Some governments outlaw it, while
others endorse it to the extent of organizing a national
lottery. It is common to find some degree of regulation
of lottery by governments.
At the beginning of the 20th century, most forms of
gambling, including lotteries and sweepstakes, were
illegal in many countries, including the U.S.A. and
most of Europe. This remained so until after World
War II. In the 1960s casinos and lotteries began to
appear throughout the world as a means to raise revenue
in addition to taxes.
are most often run by or on behalf of national or
local governments. They are sometimes described as
a regressive tax, albeit a voluntary one, since those
most likely to buy tickets, and to spend a larger
proportion of their money on them, are typically less
affluent people. The astronomically high odds against
winning the larger prizes have also led to the epithets
of a "tax on stupidity" and a "math
tax". Although the use of the word "tax"
is not strictly correct, these descriptions are intended
to suggest that lotteries are government-sanctioned
operations which will attract only those people who
fail to understand that buying a lottery ticket is
a poor economic decision. Indeed, after taking into
account the present value of a given lottery prize
as a single lump sum cash payment, the impact of any
taxes that might apply, and the likelihood of having
to share the prize with other winners, it is not uncommon
to find that a ticket for a major lottery is worth
less than one third of its purchase price. In other
words, if a lottery ticket costs US$1 to purchase,
its true economic worth may be only US$0.30 or so
at the time of purchase. Of course, this is just a
hypothetical example, and the actual value will depend
on the details of each lottery. Some lotteries may
offer tickets that are worth less than 20% of their
price, while others may be worth over 50%. To raise
money, lottery operators must offer tickets worth
much less than what one pays for them, so the lottery
is a bad choice for customers trying to come out ahead.
Lotteries come in many formats. The prize can be a
fixed amount of cash or goods. In this format there
is risk to the organizer if insufficient tickets are
sold. More commonly the prize fund will be a fixed
percentage of the receipts. A popular form of this
is the "50-50" draw where the organizers
promise that the prize will be 50% of the revenue.
Many recent lotteries allow purchasers to select the
numbers on the lottery ticket resulting in the possibility
of multiple winners.
The purchase of lottery tickets by large numbers of
people is arguably economically irrational. However,
in addition to the chance of winning, the ticket may
enable some purchasers to experience a thrill and
to indulge in a fantasy of becoming wealthy. If the
entertainment value (or other non-monetary value)
obtained by playing is high enough for a given individual,
then the purchase of a lottery ticket could actually
represent a gain in overall utility. In such a case,
the monetary loss would be outweighed by the non-monetary
gain, thus making the purchase a rational decision
for that individual.
Lottery tickets are usually scanned in large numbers,
using marksense-technology. With today's computer
performance, it takes less than one second to check
if a particular combination was picked up by anyone,
even for lotteries like Euromillions or Mega Millions.
first recorded signs of a lottery are Keno slips from
the Chinese Han Dynasty between 205 and 187 B.C. These
lotteries are believed to have helped to finance major
government projects like the Great Wall of China.
From the Chinese "The Book of Songs" (second
millennium B.C.) comes a reference to a game of chance
as "the drawing of wood", which in context
appears to describe the drawing of lots. From the
Celtic era, the Cornish words "teulet pren"
translates into "to throw wood" and means
"to draw lots". The Iliad of Homer refers
to lots being placed into Agamemnon's helmet to determine
who would fight Hector.
The first known European lotteries were held during
the Roman Empire, mainly as an amusement at dinner
parties. Each guest would receive a ticket, and prizes
would often consist of fancy items such as dinnerware.
Every ticket holder would be assured of winning something.
This type of lottery, however, was no more than the
distribution of gifts by wealthy noblemen during the
Saturnalian revelries. The earliest records of a lottery
offering tickets for sale is the lottery organized
by Roman Emperor Augustus Caesar. The funds were for
repairs in the City of Rome, and the winners were
given prizes in the form of articles of unequal value.
The earliest public lottery on record is that which
was held in the Dutch town of Sluis in 1434.
The first recorded lotteries to offer tickets for
sale with prizes in the form of money were held in
the Low Countries during the period 1443–1449.
Various towns in Flanders (parts of Belgium, Holland,
and France) held public lotteries to raise money for
town fortifications, and to help the poor. The town
records of Ghent, Utrecht, and Bruges indicate that
lotteries may be even older. A record dated May 9,
1445 at L'Ecluse refers to raising funds to build
walls and town fortifications, with a lottery of 4,304
tickets and total prize money of 1737 florins.
In the 17th century it was quite usual in the Netherlands
to organize lotteries to collect money for the poor.
Tickets cost about four guilders, and the prizes were
paintings (50 to 100 per lottery); some by painters
today considered famous such as Jan van Goyen.
The Dutch were the first to have solely cash prizes
and to base these prizes on the odds of winning —
roughly a quarter of tickets winning a prize. The
lottery proved very popular and was hailed as a painless
form of taxation. In the Netherlands the lottery was
used to raise money in support of the poor, to build
dikes and town defenses, and to free sailors from
slavery in Arab countries. The English word lottery
stems from the Dutch word loterij, which is derived
from the Dutch noun lot meaning fate. The Dutch state-owned
staatsloterij is the oldest running lottery. (Credit: