Instant Lottery Tickets – STEPS TO MAKE Money With Losing Lottery Tickets

Buying and scratching instant lottery tickets is a thing that almost everyone has done at one time or another. For some folks it’s probably something they do all too often. I guess for me personally, the bad buying habit is junk food. If I had spent my extra cash on instant lottery tickets over time, I may have been rich by now rather than overweight. Like anything, be it food or gambling one should do it in moderation, and that is often not easy to accomplish.

Here in hawaii of Pennsylvania where I live, the initial scratch off ticket arrived in 1975, and they have been a large hit every since.

I have bought instant lottery tickets of every available price range in my own state. I usually buy the $1 – $2 tickets, but from time to time I purchase a $5 – $10 ticket, and one time, I purchased a $20 instant ticket. I won nothing on the $20 ticket, not $1 or perhaps a FREE ticket, so that was like throwing away my $20. You would think that with needing to spend that much money, they would give everyone at least a FREE $1 ticket or something. I thought afterwards that I was kind of foolish for spending and losing the $20 on one ticket, but heck as they say, “Unless you play, you can’t win !”, it had been a gamble, and I didn’t win that point. I’ve known two individuals who each won near $20,000 on instant lottery tickets. THEREFORE I can say for certain, “yes, some folks do win it big.”

Unlike the live lottery that is usually drawn by picking numbers, the moment lottery is pre-determined months before it’s release. The tickets are designed and printed, they are distributed to the lottery retailers throughout the state. Most small convenience stores offer instant lottery tickets, plus the large chain stores. You can usually see them in a vending machine with multiple styles and price ranges to choose from, or they’re at the cashiers area on the counter or behind a shielded section. Instant lottery tickets sell for as low as $1 and as high as $20 each in most states of the U.S. however, many states could have tickets that sell for a lot more than $20 each.

States do instant lotteries to help fund many different programs. For example in Pennsylvania, the lottery is used to create funds to benefit programs for the Commonwealth’s older residents. In Ohio, since 1974, the Lottery has provided more than $13 billion to public education. Annually, the lottery provides about 4.5 percent of the funding needed for Ohio’s public education. In Missouri, approximately 27.3 cents of each dollar allocated to the Lottery benefits education programs; 61.6 cents dates back to players as prizes, 5 cents is used for administrative costs and 6.1 cents would go to retailers in the form of commissions, incentives and bonuses. In every, more than 93 cents of every dollar stays in Missouri. It’s different for each and every state, but the lottery is quite beneficial regardless of the few problems it could cause to some, by means of gambling addictions.

Most folks buy instant (scratch off) tickets, and when they don’t really win anything, they throw the tickets in the trash. Did you know every time you throw a losing instant lottery ticket in the trash, you’re throwing money away ? Yes, there are literally hundreds if not thousands of folks around the world that would love to buy your tickets from you. I’ve seen losing lottery tickets sell for as high as $15 each, they were tickets that had no redeemable value. I once went to an area convenience store and asked them if I may have a bag of losing instant lottery tickets I saw they had on to the floor behind the counter. The clerk gladly gave them to me, I took the tickets home and after checking through all of them, I found two that were $1 winners which were not redeemed, and I sold the remaining losing tickets for $30, and the store was just going to throw them away.

Where did I sell them ? On eBay. hk prize happened to look 1 day and I noticed there was losing instant lottery tickets on the market on the eBay auction website. You can find folks selling non-winning, so called ‘worthless’ lottery tickets on eBay all the time. I simply did a search now while writing this short article, and I found over 100 different auction listings for them. Who buys these non-winning lottery tickets ? Collectors.

Instant Lottery Ticket collecting is fast becoming a big thing. There are groups and individuals all around the world, that love collecting lottery tickets. There are many websites, discussion groups and forums now simply for lottery ticket collecting. In fact there is a good new term or name for an instant lottery ticket collector: LOTOLOGIST, and the moment lottery ticket collecting hobby is called: LOTOLOGY. To observe how big this hobby is now just visit your favorite internet search engine, such as GOOGLE, and execute a search for: lotologist OR lotology. And you will find many sites collecting, buying and selling used non-winning instant lottery tickets.

Leave Comment

Your email address will not be published.