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50th anniversary of Sydney Opera House Lottery

Topic closed. 1 reply. Last post 9 years ago by myturn.

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Bondi Junction
Australia
Member #57242
December 24, 2007
1102 Posts
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Posted: January 13, 2008, 12:01 am - IP Logged

The lottery went on sale in November 1957 to help raise money for the construction of Sydney Opera House.

Tickets were £5 each with a first prize of £100,000.

By the time the last draw was conducted in September 1986, the Opera House Lottery raised over $100 million towards the $102 million final cost of the Opera House, which was formally completed in 1973.

We all get a lot out of lotteries!

    Bondi Junction
    Australia
    Member #57242
    December 24, 2007
    1102 Posts
    Offline
    Posted: January 13, 2008, 12:13 am - IP Logged

    The New South Wales lottery is an example of how lotteries can benefit the public good. The first lottery was started, after stiff opposition from anti-gambling groups, during the depression to raise funds for public hospitals.

     

    It has often been stated that Australians will gable on anything, even two flies going up a wall. The NSW government of the day took a sensible approach, and harnessed the revenue for the public good. Prohibition just drives the issue, and the revenue, underground.