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Instant Lottery Tickets – HOW YOU CAN 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 all too often. I guess for me, the bad buying habit is junk food. EASILY had spent my extra cash on instant lottery tickets through the years, I may have been rich by now rather than overweight. Like anything, be it food or gambling one must 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 arrived in 1975, and they have 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 one time, I purchased a $20 instant ticket. I won nothing on the $20 ticket, not even $1 or a FREE ticket, so 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 $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 they say, “Unless you play, you can’t win !”, it was a gamble, and I didn’t win that point. I’ve 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’s usually drawn by picking numbers, the instant 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, and also the large chain stores. It is possible to 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. Instant lottery tickets sell for only $1 and as high as $20 each in most states of the U.S. however, many states could have tickets that sell for even more than $20 each.

States do instant lotteries to 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, 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 goes back to players as prizes, 5 cents can be used for administrative costs and 6.1 cents would go to retailers by means of commissions, incentives and bonuses. In all, more than 93 cents of each dollar stays in Missouri. It’s different for each and 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 when 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 are throwing money away ? Yes, you can find literally hundreds if not a large number of folks around the world that could love to purchase 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 a local 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 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 look one day and I noticed there is 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 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. You can find groups and individuals all over the world, that love collecting lottery tickets. There are lots of websites, discussion groups and forums now simply for lottery ticket collecting. In fact 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 live sgp is now just visit your favorite internet search engine, such as GOOGLE, and execute a seek out: lotologist OR lotology. And you may find many sites collecting, selling and buying used non-winning instant lottery tickets.

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