The first known European lottery dates from the Roman Empire where each guest at a dinner party would receive a ticket and each ticket would mean a different prize. The first European lottery to award money was held in Florence in 1530. All ticket holders were still eligible for a small prize. It was the Dutch who first introduced just money prizes and base them on odds, about 1 in 4 tickets won. It proved to be very popular and it was used to raise money to help projects like helping the poor and free sailors from slavery. The English word lottery comes from the Dutch word loterij which is derived from the noun meaning fate.

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