The idea of making decisions or determining fates by the casting of lots has long had a place in human history, including several instances in the Bible. But lotteries, which offer prizes based on the drawing of lots, are more recent, beginning in the 15th century. The first public lottery was organized in Rome during the reign of Emperor Augustus for municipal repairs. Afterward, the winnings were distributed to ticket holders as articles of unequal value.
In the mid-20th century, states began offering state-run lotteries as a way to generate revenue without raising taxes or cutting public programs. State officials argued that the lottery would cut into illegal gambling and provide revenue for education, veterans’ health care, and other public programs. But critics claim that lotteries are not only a source of revenue; they also promote addictive gambling behavior and impose a regressive tax on lower-income households.
Lottery results are released every Wednesday and data Japan Saturday at approximately 6 p.m. CT and can be viewed on the official website. You can also subscribe to receive lottery results and other information via email. Alternatively, you can follow the official twitter account @MalaysianLottery to stay updated on the latest results and news.
If you’re a winner, consider consulting a financial advisor to help you decide whether to take your prize as a lump sum or as annuity payments. Choosing an annuity payment can allow you to start investing immediately and take advantage of compound interest. It may be easier to budget your money this way, too, so you don’t overspend.