Buying and scratching instant lottery tickets is a thing that almost everyone has done at one time or another. For some folks it’s probably something they do all too often. I guess for me, 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, be it 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 every available price range in my own state. I usually buy the $1 – $2 tickets, but from time to time I buy 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 might give everyone at least a FREE $1 ticket or something. I thought afterwards that I was sort of foolish for spending and losing the $20 using one ticket, but heck as they say, “If you don’t 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. THEREFORE I can say for sure, “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 ahead of it’s release. The tickets are designed 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. You can usually find them in a vending machine with multiple styles and price ranges to choose from, or they’re at the cashiers area on the counter or behind a shielded section. Instant lottery tickets sell for only $1 so when 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 create 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 necessary for Ohio’s public education. In Missouri, approximately 27.3 cents of each 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 by means of commissions, incentives and bonuses. In all, more than 93 cents of every dollar stays in Missouri. It’s different for each state, but the lottery is quite beneficial despite the few problems it can cause to some, in the form of gambling addictions.
Most folks buy instant (scratch off) tickets, and if 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’re throwing money away ? Yes, there are literally hundreds if not a large number of folks around the world that could love to buy your tickets from you. I’ve seen losing lottery tickets sell for as high as $15 each, we were holding tickets that had no redeemable value. I once visited a local convenience store and asked them easily could have a bag of losing instant lottery tickets I saw they had on to 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 which were $1 winners that were not redeemed, and I sold the rest of the losing tickets for $30, and the store was just going to throw them away.
Where did I sell them ? On eBay. I happened to look 1 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 constantly. I simply did a search now while writing this article, and I came across over 100 different auction listings for them. Who buys Live Draw SGP -winning lottery tickets ? Collectors.
Instant Lottery Ticket collecting is fast becoming a big thing. You can find groups 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 a good new term or name for an instantaneous lottery ticket collector: LOTOLOGIST, and the moment lottery ticket collecting hobby is called: LOTOLOGY. To see how big this hobby is becoming just visit your favorite search engine, such as GOOGLE, and execute a search for: lotologist OR lotology. And you may find many sites collecting, selling and buying used non-winning instant lottery tickets.