Instant Lottery Tickets: How to Make Money with Losing Lottery Tickets

Most people have scratched instant lottery tickets or bought them. Some people do it too often. For me, junk food is the worst buying habit. If I had spent the extra money on instant lottery tickets, I might have become rich instead of being overweight. Gambling or food, like all things, must be done in moderation. This is sometimes difficult.

The first scratch-off ticket was issued in Pennsylvania in 1975. They have been huge hits ever since.

I have purchased instant lottery tickets in every price range available in my state. I normally buy $1-$2 tickets but I will occasionally buy $5-$10 tickets. Once in a while, I bought a $20 instant ticket. The $20 ticket was worth nothing. I didn’t win $1 or a free ticket. It was like throwing my $20 away. It would be reasonable to expect that everyone would get at least a $1 ticket for spending that much money. Although I felt foolish spending $20 and losing that ticket, I know I was wrong. But, as the saying goes, “If you don’t play, you cannot win!” It was a gamble and I didn’t win. Two people data bullseye I know won nearly $20,000 each on instant lottery tickets. It is true that some people do win big.

The instant lottery, unlike the live lottery which is drawn by selecting numbers, is pre-determined months in advance. The tickets are printed and designed before being distributed to lottery retailers across the state. Many small convenience stores sell instant lottery tickets as well as large chain stores. They are usually found in vending machines with multiple styles and prices to choose from. In most states, instant lottery tickets can be purchased for as little as $1 or as high as $20. However, some states might sell tickets for more than $20.

Instant lotteries are used by states to fund many programs. In Pennsylvania, for example, the lottery generates funds that will benefit older residents. Since 1974, Ohio’s Lottery has contributed more than $13 Billion to public education. The lottery contributes approximately 4.5 percent to Ohio’s public education funding each year. Missouri spends approximately 27.3 cents on every dollar it spends on the Lottery to benefit education programs. 61.6 cents goes back as prizes for players, 5 cents goes towards administrative costs, and 6.1 cents go to retailers as commissions, incentives, and bonuses. Missouri keeps more than 93 cents of every dollar. The lottery works differently in every state. Despite the gambling addictions that can be a problem, the lottery is very profitable.

People tend to buy instant (or scratch off) lottery tickets and throw them away if they don’t win. Did you know that every instant lottery ticket you lose is thrown away? There are hundreds, if not thousands, of people around the globe who would love to purchase your tickets. Losing lottery tickets can sell for up to $15 per ticket, but these tickets have no redeemable value. I went to my local convenience store once and asked if they could give me a bag of instant loss lottery tickets that were on the ground behind the counter. I was very grateful to the clerk for giving them to me. I went home with the tickets and found two winners of $1. I decided to sell the remaining tickets to make $30. The store would just throw them away.

Which site did you sell them to? On eBay. One day, I happened upon losing instant lottery tickets on eBay. People sell non-winning, or ‘worthless’ lottery ticket on eBay all the times. While writing this article, I did a quick search and found more than 100 auction listings. These non-winning lottery tickets are bought by who? Collectors.

Instant Lottery ticket collecting is quickly becoming a popular trend. People all over the globe love to collect lottery tickets. For lottery ticket collecting, there are numerous forums and discussion groups. There is even an entirely new term for instant lottery ticket collectors: LOTOLOGIST. The instant lottery ticket collecting hobby is called LOTOLOGY. You can see the popularity of this hobby by visiting your favorite search engine such as GOOGLE and searching for lotologist OR lotology. You can also find numerous sites that sell, buy and collect non-winning instant lottery tickets.