Buying and scratching instant lottery tickets is a thing that almost everyone has done at once or another. For some folks it’s probably something they do too often. I guess for me, the bad buying habit is junk food. If I had spent my extra money on instant lottery tickets over time, I may have already 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 do.
Here in hawaii of Pennsylvania where I live, the first scratch off ticket came out in 1975, and they have been a large hit every since.
I have bought instant lottery tickets of each available price range in my state. I usually choose 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, in order that was like throwing out 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. result sdy ‘ve known two individuals who each won near $20,000 on instant lottery tickets. So I can say for sure, “yes, some people do win it big.”
Unlike the live lottery that’s usually drawn by picking numbers, the instant lottery is pre-determined months before it’s release. The tickets were created and printed, then they are distributed to the lottery retailers throughout the state. Most small convenience stores offer instant lottery tickets, plus the large chain stores. You can 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 even more than $20 each.
States do instant lotteries to help fund many different programs. For example 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 every dollar allocated to the Lottery benefits education programs; 61.6 cents dates 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 every dollar stays in Missouri. It’s different for each and every state, but the lottery is quite beneficial regardless of the few problems it could 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 are 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, they were tickets that had no redeemable value. I once went to an area 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 them all, 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 1 day and I noticed there is losing instant lottery tickets for sale on the eBay auction website. You can find folks selling non-winning, so called ‘worthless’ lottery tickets on eBay continuously. I simply 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 ? Collectors.
Instant Lottery Ticket collecting is fast becoming a big thing. You can find groups and individuals all over the world, that love collecting lottery tickets. There are numerous websites, discussion groups and forums now just for lottery ticket collecting. In fact there is even a new term or name for an instant lottery ticket collector: LOTOLOGIST, and the instant lottery ticket collecting hobby is called: LOTOLOGY. To observe how big this hobby is becoming just visit your favorite search engine, such as GOOGLE, and do a seek out: lotologist OR lotology. And you may find many sites collecting, selling and buying used non-winning instant lottery tickets.