Buying and scratching instant lottery tickets is something that just about everyone has done at one time or another. For some folks it’s probably something they do too frequently. I guess for me, the bad buying habit is junk food. If I had spent my extra cash on instant lottery tickets in the past, I may happen to be rich by now rather than overweight. Like anything, whether it’s food or gambling one must do it in moderation, and that is often difficult to do.
Here in the state of Pennsylvania where I live, the first scratch off ticket came out in 1975, and they happen to be a big hit every since.
I have bought instant lottery tickets of every available price range in my state. I usually buy the $1 – $2 tickets, but once in awhile 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 away my $20. You would think that with having to spend that much money, they might give everybody at least a no cost $1 ticket or something. I thought afterwards that I was sort of foolish for spending and losing the $20 on one ticket, but heck as they say, “If you do not play, you cannot win !”, it was a gamble, and I didn’t win that time. I have known two those who each won near twenty thousand dollars on instant lottery tickets. So I can say for sure, “yes, some folks do win it big.”
Unlike the live lottery agent that’s usually drawn by picking numbers, the instant lottery is pre-determined months ahead of it’s release. The tickets are designed and printed, then they’re distributed to the lottery retailers throughout the state. Most small convenience stores offer instant lottery tickets, and also the large chain stores. You may usually find them in a vending machine with multiple styles and price ranges available, or they may be at the cashiers area on the counter or behind a shielded section. Instant lottery tickets sell for as low as $1 and all the way to $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 help fund a number of 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 needed for Ohio’s public education. In Missouri, approximately 27.3 cents of every dollar spent on 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 all of the, more than 93 cents of every dollar stays in Missouri. It’s different for every state, although the lottery can be very beneficial despite the few problems it may cause to some, within the type of gambling addictions.
Most folks buy instant (scratch off) tickets, and if they don’t win anything, they throw the tickets within the trash. Did you realize that every time you throw a losing instant lottery ticket within the trash, you are throwing money away ? Yes, there are actually literally hundreds if not thousands of folks throughout the world that would love to buy your tickets from you. I have seen losing lottery tickets sell for as high as $15 each, these were tickets that had no redeemable value. I once went to a local convenience store and asked them if I 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 who were $1 winners who were not redeemed, and I sold the remaining losing tickets for $30, and also the store was just going to throw them away.
Where did I sell them ? On eBay. I happened to look one day and I noticed there was losing instant lottery tickets for sale on the eBay auction website. There are actually folks selling non-winning, so called ‘worthless’ lottery tickets on eBay all the time. I just 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 learning to be a big thing. You will discover groups and individuals all over the world, that love collecting lottery tickets. There are several websites, discussion groups and forums now just for lottery ticket collecting. In fact there is even a brand new term or name for an instant lottery ticket collector: LOTOLOGIST, and also the instant lottery ticket collecting hobby is called: LOTOLOGY. To determine how big this hobby is becoming just visit your favorite search engine, for example GOOGLE, and do a search for: lotologist OR lotology. And you can find many sites collecting, selling and buying used non-winning instant lottery tickets.
