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Instant Lottery Tickets - MAKING Money With Losing Lottery Tickets

I have bought instant lottery tickets of each 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 something time, I purchased a $20 instant ticket. I won nothing on the $20 ticket, not even $1 or a FREE ticket, so that was like throwing away my $20. You'll think that with having to spend that much money, they might give everyone at the very least a free of charge $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 the saying goes, "Unless you play, you can't win !", it had been 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 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 ahead of it's release. The tickets were created and printed, they are distributed to the lottery retailers throughout the state. Most small convenience stores offer instant lottery tickets, plus the large chain stores. You can usually see them in a vending machine with multiple styles and prices available, or they're 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 in most states of the U.S. however, many states could have tickets that sell for a lot more than $20 each.

States do instant lotteries to greatly help fund a variety of programs. For example 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 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, more than 93 cents of each dollar stays in Missouri. It's different for each state, but the lottery is very beneficial despite 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 win anything, they throw the tickets in the trash. Did you know 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 globe that would love to buy 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 went to a local 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 to 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 remaining losing tickets for $30, and the store was just likely 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 for sale on the eBay auction website. You can find folks selling non-winning, so called 'worthless' lottery tickets on eBay on a regular basis. I simply 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. There are groups and individuals all over the world, that love collecting lottery tickets. There are plenty of websites, discussion groups and forums now simply for lottery ticket collecting. cambodia lottery Actually there is a good new term or name for an instant lottery ticket collector: LOTOLOGIST, and the instant lottery ticket collecting hobby is called: LOTOLOGY. To observe how big this hobby is now just visit your favorite search engine, such as GOOGLE, and do a seek out: lotologist OR lotology. And you could find many sites collecting, selling and buying used non-winning instant lottery tickets. One unique website is the 'Pennsylvania Lottery Merchandise Museum' - They'll buy or accept donations of Pennsylvania Lottery Merchandise. The Museum has all of their lottery merchandise online for people to easily view, you can travel to the museum at this website address: http://www.rb59.com/palot.htm There is Computer Software that's made just for collecting instant lottery tickets. The program is called: ' Lottery Ticket Collector Professional ', it is possible to download and try the software for free at this website address: http://www.rb59.com/ltcpro

By Robert W. BenjaminCopyright � 2006 You may publish this article in your ezine, newsletter or on your web site as long as it is reprinted in its entirety and without modification except for formatting needs or grammar corrections.
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