Instant Lottery Tickets – HOW YOU CAN MAKE Money With Losing Lottery Tickets

Buying and scratching instant lottery tickets is a thing 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 personally, the bad buying habit is junk food. If I had spent my extra money on instant lottery tickets over time, I may have 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 accomplish.

Here in the state of Pennsylvania where I live, the initial scratch off ticket arrived in 1975, and they have already 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 purchase a $5 – $10 ticket, and something time, I purchased a $20 instant ticket. I won nothing on the $20 ticket, not even $1 or perhaps a FREE ticket, in order that was like throwing out 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 sort of foolish for spending and losing the $20 using one ticket, but heck as they say, “If you don’t play, you can’t win !”, Prediksi sydney 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 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 ahead of it’s release. The tickets were created and printed, they are distributed to the lottery retailers throughout the state. Most small convenience stores offer instant lottery tickets, and also the large chain stores. You can usually find them in a vending machine with multiple styles and price ranges to choose from, or they are 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 generally in most states of the U.S. however, many states may have tickets that sell for a lot 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, 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 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 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 each and every state, but the lottery is quite 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 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 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 if I may have a bag of losing instant lottery tickets I saw 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 all of them, I found two which were $1 winners which 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 check 1 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 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 becoming a big thing. There are groups and individuals all over the world, that love collecting lottery tickets. There are many websites, discussion groups and forums now simply for lottery ticket collecting. Actually 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 observe how big this hobby is now just visit your favorite search engine, such as GOOGLE, and execute a seek out: lotologist OR lotology. And you may find many sites collecting, buying and selling used non-winning instant lottery tickets.