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 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 rather than overweight. Like anything, be it food or gambling one should do it in moderation, and that is often not easy to accomplish.
Here in the state of Pennsylvania where I live, the first 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 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 a FREE ticket, in order that was like throwing away my $20. You would believe that with needing to spend that much money, they would 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 using one ticket, but heck as the saying goes, “If you don’t play, you can’t win !”, it 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’s usually drawn by picking numbers, the instant lottery is pre-determined months ahead of it’s release. The tickets are designed and printed, 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 price ranges 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 and as 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 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 needed for Ohio’s public education. In Missouri, approximately 27.3 cents of each dollar spent on 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 in the form of commissions, incentives and bonuses. In every, 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 could 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 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 thousands of folks around the world that would love to buy your tickets from you. I’ve 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 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 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 look 1 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 at all times. I just did a search now while writing this short article, and I came across over 100 different auction listings for them. Who buys these non-winning lottery tickets ? Master Prediksi HK .
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 numerous websites, discussion groups and forums now simply for lottery ticket collecting. In fact there is even a new term or name for an instantaneous lottery ticket collector: LOTOLOGIST, and the instant lottery ticket collecting hobby is called: LOTOLOGY. To see how big this hobby is now just visit your favorite internet search engine, such as GOOGLE, and execute a search for: lotologist OR lotology. And you will find many sites collecting, selling and buying used non-winning instant lottery tickets.