Instant Lottery Tickets – MAKING 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 all too often. I guess for me, the bad buying habit is junk food. If I had spent my extra cash on instant lottery tickets through the years, I may have been rich by now instead of overweight. Like anything, be it food or gambling one should do it in moderation, and that is often not easy to accomplish.
Here in hawaii of Pennsylvania where I live, the first scratch off ticket came out in 1975, and they have been a big hit every since.
I have bought instant lottery tickets of every available price range in my state. I usually buy the $1 – $2 tickets, but once in awhile I buy a $5 – $10 ticket, and one time, I purchased a $20 instant ticket. Pengeluaran HK 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 $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 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’s usually drawn by picking numbers, the instant lottery is pre-determined months ahead of it’s release. The tickets are designed and printed, then they are distributed to the lottery retailers through the entire 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’re 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. however, many states could have tickets that sell for a lot 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 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 is 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 each and every state, but the lottery is very 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 that every time you throw a losing instant lottery ticket in the trash, you’re throwing money away ? Yes, there are literally hundreds if not a large number of folks around the world that would 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 visited a local convenience store and asked them if I may 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 all of them, 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 likely to throw them away.
Where did I sell them ? On eBay. I happened to check 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 all the time. I simply 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 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 just for lottery ticket collecting. In fact there is even a new term or name for an instant lottery ticket collector: LOTOLOGIST, and the moment lottery ticket collecting hobby is called: LOTOLOGY. To see 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 could find many sites collecting, selling and buying used non-winning instant lottery tickets.