Instant Lottery Tickets – MAKING 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 too often. I guess for me, the bad buying habit is processed foods. If I had spent my extra cash on instant lottery tickets over time, I may have been rich by now instead of overweight. Like anything, whether it’s food or gambling one should do it in moderation, which 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 state. I usually choose the $1 – $2 tickets, but from time to time I buy 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 think that with having 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, “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 folks do win it big.”

Unlike the live lottery that’s 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 through the entire state. หวยออนไลน์ offer instant lottery tickets, and also the large chain stores. You can usually find them in a vending machine with multiple styles and price ranges 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 and as high as $20 each in most states of the U.S. but some states may have tickets that sell for even more than $20 each.

States do instant lotteries to greatly help fund many different programs. For instance in Pennsylvania, the lottery is used to generate 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 can be used for administrative costs and 6.1 cents would go to retailers by means of commissions, incentives and bonuses. In all, more than 93 cents of each dollar stays in Missouri. It’s different for every state, but the lottery is quite beneficial despite the few problems it can cause to some, in the form of gambling addictions.

Most folks buy instant (scratch off) tickets, and when they don’t 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, 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, they were tickets that had no redeemable value. I once visited a local convenience store and asked them easily 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 which were $1 winners which were not redeemed, and I sold the remaining losing tickets for $30, and the store was just likely to throw them away.

Where did I sell them ? On eBay. I happened to look 1 day and I noticed there was losing instant lottery tickets for sale on the eBay auction website. You can find folks selling non-winning, so called ‘worthless’ lottery tickets on eBay at all times. I simply did a search now while writing this short article, and I came across 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 several websites, discussion groups and forums now simply for lottery ticket collecting. Actually there is a good 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 internet search engine, such as GOOGLE, and do a search for: lotologist OR lotology. And you will find many sites collecting, buying and selling used non-winning instant lottery tickets.

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