Instant Lottery Tickets – How To Make 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 a few folks it’s probably something they do all too often. I guess for me personally, 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, whether it’s food or gambling one must do it in moderation, and that 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 big hit every since.

I’ve bought instant lottery tickets of every available price range in my own state. I usually buy the $1 – $2 tickets, but from time to time I buy 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, so that was like throwing out my $20. You would believe that 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 sort of foolish for spending and losing the $20 on 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 certain, “yes, some folks do win it big.”

Unlike the live lottery that is usually drawn by picking numbers, the moment 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. You can usually find 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. Prediksi Hk Malam Ini sell for only $1 so when 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 create 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, the lottery provides about 4.5 percent of the funding needed for Ohio’s public education. In Missouri, approximately 27.3 cents of each dollar allocated to 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 every, more than 93 cents of each 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, by means of gambling addictions.

Most folks buy instant (scratch off) tickets, and if they don’t win anything, they throw the tickets in the trash. Did you know 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 would love to buy your tickets from you. I have seen losing lottery tickets sell for as high as $15 each, these were tickets that had no redeemable value. I once visited an area convenience store and asked them easily could have a bag of losing instant lottery tickets I saw they had on to 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 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 look 1 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 on a regular basis. I just did a search now while writing this 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 learning to be a big thing. You can find groups and individuals all around the world, that love collecting lottery tickets. There are many websites, discussion groups and forums now just for lottery ticket collecting. Actually there is a good new term or name for an instant lottery ticket collector: LOTOLOGIST, and the instant lottery ticket collecting hobby is named: LOTOLOGY. To see 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, buying and selling used non-winning instant lottery tickets.