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Virtually unable to attract new capital to the foundering enterprise, the company seized the next year on a novel approach to raising money to fund the embryonic British Empire: a lottery.
With the reluctant approval of King James and the Church of England, the Virginia Company sold lottery tickets to the public, discovering no shortage of gamers willing to hazard hard coinage for the chance to win the 01,000 grand prize, a fortune at a time when the typical working-class family scraped by on little more than a pound a month. Having begun as a corporation, Virginia had evolved into a gamblers' stake with a lively populist following back in England.
