Projectmcb Uncategorized Instant Lottery Tickets – How To Make Money With Losing Lottery Tickets

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 once or another. For a few folks it’s probably something they do too often. I guess for me, the bad buying habit is processed foods. EASILY had spent my extra cash on instant lottery tickets over time, I may have been rich by now rather than overweight. Like anything, whether it’s food or gambling one should 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 came out in 1975, and they have been a big hit every since.

I have bought instant lottery tickets of each 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 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 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, “Unless you play, you can’t win !”, it had been 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 sure, “yes, some folks do win it big.”

Unlike prediksi sdy that’s usually drawn by picking numbers, the moment lottery is pre-determined months before it’s release. The tickets are designed and printed, then they are distributed to the lottery retailers through the entire state. Most small convenience stores offer instant lottery tickets, and also 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 as low as $1 so when high as $20 each generally in most states of the U.S. but some states could 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 is 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 each 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 would go 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 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 win anything, they throw the tickets in the trash. Did you know each time you throw a losing instant lottery ticket in the trash, you’re throwing money away ? Yes, you can find literally hundreds if not thousands of folks around the world that could love to buy your tickets from you. I’ve seen losing lottery tickets sell for as high as $15 each, we were holding tickets that had no redeemable value. I once went to 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 to me, I took the tickets home and after checking through all of them, I found two which 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 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 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 around the world, that love collecting lottery tickets. There are lots of websites, discussion groups and forums now simply for lottery ticket collecting. Actually there is even a new term or name for an instantaneous lottery ticket collector: LOTOLOGIST, and the moment lottery ticket collecting hobby is called: LOTOLOGY. To see how big this hobby is becoming just visit your favorite search engine, such as GOOGLE, and execute a search for: lotologist OR lotology. And you could find many sites collecting, buying and selling used non-winning instant lottery tickets.

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