Lottery goes back to 1887 | AspenTimes.com
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Lottery goes back to 1887

Housing lotteries may be somewhat unique to Aspen, but they’re hardly new. In fact, a drawing to pick the lucky winner of a home apparently took place more than a century ago.According to a tidbit in the Dec. 23, 1887, edition of The Aspen Daily Times, locals were buying $5 raffle tickets in hopes of winning the grand prize – a house in town.Incidentally, the cost to enter a housing office lottery these days is also $5, but if you win, you also have to pay for the home. In 1887, the holiday drawing was offering a two-story frame home and two lots on East Cooper Avenue (present-day value: millions). Four hundred raffle tickets were being issued for $5 each.