Instant Lottery Tickets – STEPS TO MAKE Money With Losing Lottery Tickets

Buying and scratching instant lottery tickets is something that almost everyone has done at one time or another. For a few folks it’s probably something they do too often. I guess for me, the bad buying habit is junk food. If I had spent my extra cash on instant lottery tickets over the years, I may have already 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 do.

Here in hawaii 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 every available price range in my own state. I usually choose the $1 – $2 tickets, but from time to time I purchase a $5 – $10 ticket, and something 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 away my $20. You would believe 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 kind of foolish for spending and losing the $20 using one ticket, but heck as the saying goes, “Unless you play, you can’t win !”, it was a gamble, and I didn’t win that point. I have 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 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, plus 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 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 help fund many different programs. For instance 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 a lot more than $13 billion to public education. Annually, UFABET หวยออนไลน์ 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 goes back to players as prizes, 5 cents is used for administrative costs and 6.1 cents goes to retailers by means of commissions, incentives and bonuses. In all, more than 93 cents of every dollar stays in Missouri. It’s different for every state, but the lottery is very 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 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 could love to buy your tickets from you. I’ve seen losing lottery tickets sell for as high as $15 each, we were holding tickets that had no redeemable value. I once visited an area convenience store and asked them easily 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 them all, I found two that 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 look one day and I noticed there is 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 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 over 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 even a new term or name for an instantaneous lottery ticket collector: LOTOLOGIST, and the instant lottery ticket collecting hobby is named: LOTOLOGY. To see 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, buying and selling used non-winning instant lottery tickets.

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