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The Louisiana Lottery Corporation (LLC) is a government-run lottery that is used to generate revenue without increasing taxes. The proceeds of the Lottery go to the Minimum Foundation Program that funds public education in Louisiana. The daily activities involved with running the cooperation are handled by the president of the Louisiana Lottery ...
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In 1868, after years of illegal operation, the Louisiana State Lottery Company obtained a 25-year charter for its state lottery system. [3] The charter was passed by the legislature due to immense bribing from a criminal syndicate in New York. [3] The Louisiana Lottery Company derived 90% of its revenue from tickets sold across state borders. [3]
Louisiana Lottery can refer to: Louisiana State Lottery Company , a private lottery operated in the mid-19th century Louisiana Lottery Corporation , the current lottery operated by the government of Louisiana
The Louisiana State Lottery became the most notorious state lottery and was known as the "Golden Octopus" as it reached into every American home using the U.S. Postal Service. [3] In 1890 the United States Congress banned the interstate transportation of lottery tickets and lottery advertisements, which composed 90% of the company's revenue.
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