Instant Lottery Tickets – MAKING Money With Losing Lottery Tickets

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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, the bad buying habit is junk food. If I had spent my extra money on instant lottery tickets through 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, and that is often not easy to accomplish.

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

I’ve bought instant lottery tickets of every available price range in my own state. I usually choose the $1 – $2 tickets, but from time to time I buy a $5 – $10 ticket, and something time, I purchased a $20 instant ticket. I won nothing on the $20 ticket, not even $1 or perhaps a FREE ticket, so 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 on one ticket, but heck as the saying goes, “If you don’t play, you can’t win !”, it was 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 sure, “yes, some folks do win it big.”

Unlike the live lottery that is usually drawn by picking numbers, the instant lottery is pre-determined months before 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 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 so when high as $20 each generally in most states of the U.S. however, many states could have tickets that sell for even more than $20 each.

States do instant lotteries to help fund many different programs. For example in Pennsylvania, the lottery can be 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 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 can be used for administrative costs and 6.1 cents goes to retailers by means 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 if they don’t really win anything, they throw the tickets in the trash. Did you know each 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 would 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 visited a local convenience store and asked them easily 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 if you ask me, I took the tickets home and after checking through all of them, 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 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 just did a search now while writing this 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 learning to be a big thing. You can find groups and individuals all over the world, that love collecting lottery tickets. There are แทงหวย , discussion groups and forums now simply for lottery ticket collecting. In fact 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 now just visit your favorite internet search engine, such as GOOGLE, and do a search for: lotologist OR lotology. And you could find many sites collecting, selling and buying used non-winning instant lottery tickets.

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