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 too often. I guess for me personally, the bad buying habit is processed foods. If I had spent my extra cash on instant lottery tickets over the years, I may have already been rich by now instead of overweight. Like anything, whether it’s food or gambling one must do it in moderation, and that is often not easy to accomplish.
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’ve bought instant lottery tickets of each available price range in my 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 perhaps a FREE ticket, in order that was like throwing out my $20. You would think that 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, “If you don’t play, you can’t win !”, it had been a gamble, and I didn’t win that time. I’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 is usually drawn by picking numbers, the moment lottery is pre-determined months ahead of 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, in addition to 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 in most states of the U.S. but some states may have tickets that sell for even more than $20 each.
States do instant lotteries to greatly help fund many different programs. For instance in Pennsylvania, the lottery can be 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 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 every, 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 could cause to some, in the form 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 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 would love to buy your tickets from you. I have seen losing lottery tickets sell for as high as $15 each, we were holding tickets that had no redeemable value. I once visited an area convenience store and asked them easily may 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 that were $1 winners that were not redeemed, and I sold the remaining losing tickets for $30, and the store was just going to throw them away.
Where did I sell them ? On eBay. I happened to check one day and I noticed there is 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 on a regular basis. 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. There are เว็บซื้อหวยฮานอยวีไอพี and individuals all around the world, that love collecting lottery tickets. There are numerous 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 named: LOTOLOGY. To observe how big this hobby is now just visit your favorite search engine, such as GOOGLE, and execute a search for: lotologist OR lotology. And you can find many sites collecting, buying and selling used non-winning instant lottery tickets.