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 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 processed foods. EASILY 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, which is often not easy to do.

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

I have bought instant lottery tickets of every available price range in my own state. I usually buy the $1 – $2 tickets, but once in awhile 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 perhaps a FREE ticket, in order that was like throwing away my $20. You would think that with needing 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 on 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 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 moment lottery is pre-determined months ahead of it’s release. The tickets are designed and printed, then they are distributed to the lottery retailers throughout the state. Most small convenience stores offer instant lottery tickets, in addition to the large chain stores. You can 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 so when 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 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 necessary 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 all, more than 93 cents of every dollar stays in Missouri. It’s different for every state, but the lottery is quite beneficial despite the few problems it can cause to some, by means of gambling addictions.

bandar togel buy instant (scratch off) tickets, and when 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 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, we were holding 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 to 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 that were $1 winners that were not redeemed, and I sold the remaining 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 one day and I noticed there was losing instant lottery tickets on the market on the eBay auction website. You can find 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 around the world, that love collecting lottery tickets. There are numerous websites, discussion groups and forums now just for lottery ticket collecting. In fact there is a good new term or name for an instant lottery ticket collector: LOTOLOGIST, and the moment lottery ticket collecting hobby is named: LOTOLOGY. To observe how big this hobby is becoming just visit your favorite internet search engine, such as GOOGLE, and do a seek out: lotologist OR lotology. And you will find many sites collecting, selling and buying used non-winning instant lottery tickets.

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