The lottery is a popular way for governments to raise money for a variety of purposes. People spend billions on tickets every year — even though the chances of winning are slim. But there are better places to put your money, like saving for emergencies or paying down debt.

The word “lottery” derives from the Middle Dutch loterie, a diminutive of Old French lote, meaning fate (hence, “fate’s”). It is believed that the first European state-sponsored lotteries were held in 15th century Burgundy and Flanders. Francis I of France authorized the establishment of a lottery in several cities between 1520 and 1539.

Many people are lured into purchasing lottery tickets with promises that they will solve all of their problems if only they hit the jackpot. God forbids covetousness, and the biblical command to not desire that which is another’s (Exodus 20:17).

Purchasing a lottery ticket is an unwise investment for most people. It takes away from the amount of money that could be invested in a retirement account or college tuition for your children. And even the small purchases of a ticket or two can add up to thousands of dollars in foregone savings over time.