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

Buying and scratching instant lottery tickets is something that almost everyone has done at once or another. For a few folks it’s probably something they do all too often. I guess for me, the bad buying habit is processed foods. If I had spent my extra money on instant lottery tickets over the years, I may have been rich by now rather than overweight. Like anything, whether it’s food or gambling one must do it in moderation, which is often not easy to accomplish.

Here in the state of Pennsylvania where I live, the first 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 choose the $1 – $2 tickets, but once in awhile I purchase a $5 – $10 ticket, and something time, I purchased a $20 instant ticket. I won nothing on the $20 ticket, not even $1 or a FREE ticket, in order that was like throwing out my $20. You would believe that with needing to spend that much money, they might give everyone at least a free of charge $1 ticket or something. I thought afterwards that I was sort of foolish for spending and losing the $20 on one ticket, but heck as they say, “If you don’t play, you can’t win !”, it had been a gamble, and I didn’t win that time. I’ve known two individuals who each won near $20,000 on instant lottery tickets. So I can say for sure, “yes, some people do win it big.”

Unlike the live lottery that’s usually drawn by picking numbers, the moment lottery is pre-determined months ahead of it’s release. The tickets were created and printed, they are distributed to the lottery retailers throughout the state. Most small convenience stores offer instant lottery tickets, along with the large chain stores. You can usually see them in a vending machine with multiple styles and prices 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 generally in most states of the U.S. however, many states may have tickets that sell for a lot more than $20 each.

States do instant lotteries to greatly help fund many different programs. For instance in Pennsylvania, the lottery can be 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 necessary for Ohio’s public education. In Missouri, approximately 27.3 cents of each dollar spent on the Lottery benefits education programs; 61.6 cents goes 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 each dollar stays in Missouri. It’s different for each state, but the lottery is very beneficial despite the few problems it can 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 that each and every time you throw a losing instant lottery ticket in the trash, you are throwing money away ? Yes, you can find literally hundreds if not thousands of folks around the world that could love to purchase your tickets from you. I’ve seen losing lottery tickets sell for as high as $15 each, these were tickets that had no redeemable value. I once went to an area convenience store and asked them if I could 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 them all, I found two which were $1 winners that were not redeemed, and I sold the rest of the losing tickets for $30, and the store was just going to throw them away.

Where did I sell them ? On eBay. I happened to look one day and I noticed there was losing instant lottery tickets on the market on the eBay auction website. There are folks selling non-winning, so called ‘worthless’ lottery tickets on eBay on a regular basis. ruay-ruay.com did a search now while writing this 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 learning to be a big thing. There are groups and individuals all over the world, that love collecting lottery tickets. There are many websites, discussion groups and forums now just for lottery ticket collecting. In fact there is a good new term or name for an instant lottery ticket collector: LOTOLOGIST, and the instant 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 seek out: lotologist OR lotology. And you can find many sites collecting, selling and buying used non-winning instant lottery tickets.

Leave a Reply

Comment
Name*
Mail*
Website*