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 cash on instant lottery tickets over the years, I may have already been rich by now rather than overweight. Like anything, whether it’s food or gambling one must do it in moderation, which is often not easy to do.

Here in the state of Pennsylvania where I live, the initial scratch off ticket came out in 1975, and they have 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 buy a $5 – $10 ticket, and something 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 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, “Unless you play, you can’t win !”, it had been a gamble, and I didn’t win that point. I’ve 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 instant lottery is pre-determined months ahead of it’s release. togel hkg were created and printed, then they are distributed to the lottery retailers through the entire state. Most small convenience stores offer instant lottery tickets, in addition to the large chain stores. It is possible to usually see 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 as low as $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 example 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 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 is used for administrative costs and 6.1 cents goes 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 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 when they don’t really win anything, they throw the tickets in the trash. Did you know that each 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 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 a local convenience store and asked them easily may 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 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 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. There are folks selling non-winning, so called ‘worthless’ lottery tickets on eBay all the time. I simply 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 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 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 execute a search for: lotologist OR lotology. And you can find many sites collecting, selling and buying used non-winning instant lottery tickets.

Leave a Reply

Your email address will not be published.