On the spot Lottery Lottery tickets – How to make easy Revenue Utilizing The loss of Lottery Lottery tickets.

Buying and scratching instant lottery tickets is something that just about everyone did at one time or another. For some people it’s probably something they do too often. I guess for me, the bad buying habit is junk food. If I’d spent my extra cash on instant lottery tickets over the years, I may have been rich by now in place of overweight. Like anything, whether it’s food or gambling one must do it in moderation, and that’s often difficult to do.

In the state of Pennsylvania where I live, the very first scratch off ticket arrived in 1975, and they’ve been a big hit every since.

I have obtained instant lottery tickets of each available cost range in my own state. I usually purchase the $1 – $2 tickets, but once in awhile I purchase a $5 – $10 ticket, and one time, I purchased a $20 instant ticket. I won nothing on the $20 ticket, not $1 or perhaps a FREE ticket, so that was like throwing out my $20. You’d genuinely believe that with having to pay that much money, they’d give everyone at the least a FREE $1 ticket or something. I believed afterwards that I was sort of foolish for spending and losing the $20 on one ticket, but heck reported by users, “If you don’t play, you can’t win !”, it had been a chance, and I didn’t win that time. I’ve known two individuals who each won near $20,000 on instant lottery tickets. So I will say for sure, “yes, some people do win it big.”

Unlike the live lottery that’s usually drawn by picking numbers, the instant lottery is pre-determined months in front of it’s release. The tickets are designed and printed, then they are distributed to the lottery retailers through the state. Most small convenience stores offer instant lottery tickets, as well as the large chain stores. You can usually see them in a vending machine with multiple styles and selling prices to select from, or they are at the cashiers area on the counter or behind a shielded section. Instant lottery tickets sell for as little as $1 and as high as $20 each in many states of the U.S. however many states could have tickets that sell for only a lot more than $20 each.luckybet678

States do instant lotteries to help fund many different programs. For instance in Pennsylvania, the lottery can be used to generate 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 each dollar allocated to the Lottery benefits education programs; 61.6 cents extends back to players as prizes, 5 cents is employed for administrative costs and 6.1 cents goes to retailers in the shape of commissions, incentives and bonuses. In most, a lot more than 93 cents of each dollar stays in Missouri. It’s different for each and every state, nevertheless the lottery is very beneficial regardless of the few problems it could cause to some, in the shape of gambling addictions.

Most folks buy instant (scratch off) tickets, and should they don’t win anything, they throw the tickets in the trash. Did you realize that every time you throw a losing instant lottery ticket in the trash, you’re throwing money away ? Yes, there are literally hundreds if not thousands of folks around the world that could love to purchase your tickets from you. I have experienced losing lottery tickets sell for as high as $15 each, we were holding tickets that had no redeemable value. I once went to a nearby convenience store and asked them if I could have a case of losing instant lottery tickets I saw they’d on the floor behind the counter. The clerk gladly gave them to me, I took the tickets home and after checking through 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 planning to throw them away.

Where did I sell them ? On eBay. I happened to appear one day and I noticed there was losing instant lottery tickets available on the eBay auction website. You will find folks selling non-winning, so called ‘worthless’ lottery tickets on eBay all of the time. I simply did a search now while writing this informative 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 being a big thing. You will find groups and individuals all around the world, that love collecting lottery tickets. There are lots of websites, discussion groups and forums now simply for lottery ticket collecting. In fact there’s even a new term or name for an immediate 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 chosen internet search engine, such as 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.

Winning the Lottery: The First National Lottery

In the middle 18th century, a notable event occurred in France. Due to the potential for fixing the results in privately operated lotteries, Giacomo Girolamo Casanova (1725 – 1798) persuaded Louis XV of France to found the very first state-owned monopoly lottery, the Loterie Royale of the Military School, which became the forerunner of the Loterie Nationale. All other lotteries in France were outlawed. The lottery was a Keno style game, where players could select 1, 2, 3, 4 or 5 numbers between 1 and 90. (Incidentally, Casanova owned a pursuit in the new lottery and became wealthy as a result, but sold his interest shortly afterwards and lost the proceeds through unwise investments; sounds just like some modern lottery winners, doesn’t it?)

Origin of American Lotteries

In the 18th century, lotteries were well under way in America, primarily to fund some venture or as a means out of debt. The first began in Massachusetts in 1744 as a result of military debts. The first national lottery was started by the Continental Congress in 1776 to improve funds for the American Revolution. The Founding Fathers were concerned not really much with just how to win the lottery but with how to improve funds using lotteries. Many of the Founding Fathers played and sponsored lotteries:

  • Benjamin Franklin used lotteries to finance cannons for the Revolutionary War.
  • Thomas Jefferson, who was simply $80,000 in debt by the end of his life, used a lottery to dispose of all of his property. Winning this lottery would have given you a priceless piece of American heritage!
  • John Hancock operated a lottery to finance the rebuild of historic Faneuil Hall in Boston.
  • George Washington financed construction of the Mountain Road, which opened expansion West of Virginia, by operating a lottery.

Additionally, public lotteries helped build several American universities, including Harvard, Yale, Columbia, Princeton, Brown and Dartmouth. Winning these lotteries was a significant contribution to the ongoing future of American education.

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