Instant Lottery Tickets – How To Make 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 money on instant lottery tickets through the years, I may have already been rich by now rather than overweight. Like anything, be it food or gambling one should do it in moderation, and that is often not easy to do.

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

I’ve bought instant lottery tickets of each available price range in my state. I usually buy 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 $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 sort of foolish for spending and losing the $20 using one ticket, but heck as the saying goes, “If you don’t 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 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 are designed and printed, then they are distributed to the lottery retailers through the entire state. Most small convenience stores offer instant lottery tickets, as well as the large chain stores. It is possible to usually find them in a vending machine with multiple styles and price ranges to choose from, or they’re 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. 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 example in Pennsylvania, the lottery is 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, Result HK provides about 4.5 percent of the funding needed for Ohio’s public education. In Missouri, approximately 27.3 cents of every 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 in the form of commissions, incentives and bonuses. In every, more than 93 cents of each dollar stays in Missouri. It’s different for each 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 and 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 a large number 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 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 if you ask 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 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 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 on a regular basis. 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 learning to be a big thing. There are groups and individuals all around the world, that love collecting lottery tickets. There are plenty of websites, discussion groups and forums now just for lottery ticket collecting. In fact there is a good new term or name for an instantaneous lottery ticket collector: LOTOLOGIST, and the instant lottery ticket collecting hobby is called: LOTOLOGY. To observe how big this hobby is now just visit your favorite search engine, such as GOOGLE, and do a search for: lotologist OR lotology. And you will find many sites collecting, selling and buying used non-winning instant lottery tickets.

Leave a reply

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

perabet betsat retrobet süperbetin cratosslot jojobet