The first-known public lottery was sponsored by Augustus Caesar to raise funds for repairing the city of Rome; the first public lottery awarding mone… - Richard Arnold Epstein

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The first-known public lottery was sponsored by Augustus Caesar to raise funds for repairing the city of Rome; the first public lottery awarding money prizes, the Lotto de Firenze, was established in Florence in 1530.

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About Richard Arnold Epstein

Richard Arnold Epstein (born 5 March 1927), also known under the pseudonym E. P. Stein, is a notable American game theorist.

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Coin matching and finger flashing were among the first formal games to arise in the history of gambling. The class of Morra games extends back to the pre-Christian era, although not until comparatively recent times have game-theoretic solutions been derived.

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