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experimented with raffles and similar games of chance, the first recorded official lottery was chartered by Queen Elizabeth I, in the year 1566, and was drawn in 1569. The 400,000 tickets issued cost 10 shillings (£0.50) each (roughly three weeks of wages for ordinary citizens), with the grand prize worth roughly £5,000. This lottery was designed to raise money for the "reparation of the havens and strength of the Realme, and towardes such other publique good workes",

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