Instant Lottery Tickets – LEARNING 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 too often. I guess for me, the bad buying habit is junk food. If I had spent my extra money on instant lottery tickets over time, I may have already been rich by now rather than overweight. Like anything, whether it’s food or gambling one should do it in moderation, which is often not easy to do.

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

I’ve bought instant lottery tickets of each available price range in my own state. I usually buy the $1 – $2 tickets, but once in awhile I purchase a $5 – $10 ticket, and one 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 away 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 using 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 time. I have 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’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 through the entire 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 are at the cashiers area on the counter or behind a shielded section. Instant lottery tickets sell for only $1 so when high as $20 each in most states of the U.S. but some states could have tickets that sell for even more than $20 each.

States do instant lotteries to greatly help fund many different programs. For example 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 a lot 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 every dollar spent on the Lottery benefits education programs; 61.6 cents dates back to players as prizes, 5 cents can be used for administrative costs and 6.1 cents goes 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 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 every time you throw a losing instant lottery ticket in the trash, you are throwing money away ? Yes, there are literally hundreds if not thousands of folks around the world that could 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 could have a bag of losing instant lottery tickets I saw that they had on 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 that 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 check 1 day and I noticed there is 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 just 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. You can find groups and individuals all around the world, that love collecting lottery tickets. There are numerous websites, discussion groups and forums now just for lottery ticket collecting. Actually there is even a new term or name for an instantaneous lottery ticket collector: LOTOLOGIST, and the moment lottery ticket collecting hobby is named: LOTOLOGY. To observe how big this hobby is becoming just visit your favorite 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.