Instant Lottery Tickets – MAKING Money With Losing Lottery Tickets
Buying and scratching instant lottery tickets is a thing that almost everyone has done at once or another. For some 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 money on instant lottery tickets through the years, I may have already been rich by now instead of 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 came out 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 choose the $1 – $2 tickets, but once in awhile I buy a $5 – $10 ticket, and one time, I purchased a $20 instant ticket. I won nothing on the $20 ticket, not $1 or a FREE ticket, in order that was like throwing out my $20. You would think that with having to spend that much money, they would give everyone at least a free of charge $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, “If you don’t play, you can’t win !”, it had been a gamble, and I didn’t win that point. I have known two individuals who each won near $20,000 on instant lottery tickets. THEREFORE I can say for certain, “yes, some people 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 are designed and printed, they are distributed to the lottery retailers throughout the state. Most small convenience stores offer instant lottery tickets, and also the large chain stores. It is possible to 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 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 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 togel online pos4d , 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 goes to retailers in the form of commissions, incentives and bonuses. In all, more than 93 cents of each dollar stays in Missouri. It’s different for each and every 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 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, there are 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 if I could have a bag of losing instant lottery tickets I saw that 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 remaining 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 one day and I noticed there was losing instant lottery tickets for sale on the eBay auction website. There are 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 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 over the world, that love collecting lottery tickets. There are various websites, discussion groups and forums now simply for lottery ticket collecting. Actually there is even a 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 becoming just visit your favorite search engine, such as GOOGLE, and do a seek out: lotologist OR lotology. And you may find many sites collecting, buying and selling used non-winning instant lottery tickets.