Buying and scratching instant lottery tickets is something that almost everyone has done at one time or another. For a few 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 been rich by now instead of overweight. Like anything, be it food or gambling one must do it in moderation, which is often not easy to do.
Here in the state of Pennsylvania where I live, the first scratch off ticket arrived 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 once in awhile I buy a $5 – $10 ticket, and something 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 away my $20. You would think that with having to spend that much money, they would give everyone at least a FREE $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 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 is 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 through the entire state. Most small convenience stores offer instant lottery tickets, along with 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 only $1 and as high as $20 each generally in most states of the U.S. but some states could have tickets that sell for a lot more than $20 each.
States do instant lotteries to greatly help fund many different programs. For example 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, Togel Singapore 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 goes back to players as prizes, 5 cents is used for administrative costs and 6.1 cents goes 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 every state, but the lottery is very beneficial regardless of 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 win anything, they throw the tickets in the trash. Did you know that each and every time you throw a losing instant lottery ticket in the trash, you’re throwing money away ? Yes, there are literally hundreds if not a large number of folks around the world that could love to purchase your tickets from you. I’ve 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 if you ask me, I took the tickets home and after checking through all of them, I found two that 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 one day and I noticed there is losing instant lottery tickets for sale on the eBay auction website. There are folks selling non-winning, so called ‘worthless’ lottery tickets on eBay constantly. I just did a search now while writing this 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. There are groups and individuals all over the world, that love collecting lottery tickets. There are many 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 named: LOTOLOGY. To see 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, selling and buying used non-winning instant lottery tickets.