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 all 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 time, I may have already been rich by now rather than overweight. Like anything, whether it’s food or gambling one should do it in moderation, which is often not easy to accomplish.
Here in live sgp of Pennsylvania where I live, the initial scratch off ticket came out in 1975, and they have been a large hit every since.
I have bought instant lottery tickets of every available price range in my own state. I usually choose the $1 – $2 tickets, but from time to time I purchase a $5 – $10 ticket, and one 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 having 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 on one ticket, but heck as the saying goes, “Unless you play, you can’t win !”, it was a gamble, and I didn’t win that point. I’ve 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 the live lottery that’s usually drawn by picking numbers, the instant lottery is pre-determined months ahead of it’s release. The tickets were created and printed, they are distributed to the lottery retailers through the entire state. Most small convenience stores offer instant lottery tickets, along with the large chain stores. It is possible to usually find them in a vending machine with multiple styles and price ranges 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. but some states may have tickets that sell for a lot 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 a lot 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 allocated to the Lottery benefits education programs; 61.6 cents dates back to players as prizes, 5 cents can be 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 every state, but the lottery is quite beneficial regardless of 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 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 are throwing money away ? Yes, there are literally hundreds if not thousands of folks around the world that could love to purchase 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 if you ask me, I took the tickets home and after checking through them all, I found two which were $1 winners that were not redeemed, and I sold the rest of the 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 on the market on the eBay auction website. You can find folks selling non-winning, so called ‘worthless’ lottery tickets on eBay constantly. 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 ? Collectors.
Instant Lottery Ticket collecting is fast learning to be a big thing. You can find groups and individuals all around the world, that love collecting lottery tickets. There are plenty of 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 moment 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 seek out: lotologist OR lotology. And you may find many sites collecting, selling and buying used non-winning instant lottery tickets.