Buying and scratching instant lottery tickets is something that just about everyone has been doing previously or another. For some people it’s probably something they do too often. I suppose for me personally, the bad buying habit is junk food. If I had spent my extra cash on instant lottery tickets over time, I could have been rich right now rather than overweight. Like anything, whether it’s food or gambling one should do it in moderation, and that’s often not easy to do.

In their state of Pennsylvania where I live, the very first scratch off ticket arrived on the scene in 1975, and they have been a large hit every since.

I have obtained instant lottery tickets of each and every available cost range in my state. I usually purchase the $1 – $2 tickets, but once in awhile I buy a $5 – $10 ticket, and onetime, I purchased a $20 instant ticket. I won nothing on the $20 ticket, not even $1 or a FREE ticket, so which was like throwing out my $20. You’d believe with having to pay that much money, they’d give everyone at the very least a FREE $1 ticket or something. I believed afterwards that I was kind 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 was a gamble, and I didn’t win that time. I have known two folks who each won near $20,000 on instant lottery tickets. So I could 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 were created and printed, then they’re distributed to the lottery retailers through the state. Most small convenience stores offer instant lottery tickets, in addition to the large chain stores. You are able to usually see them in a vending machine with multiple styles and selling prices to select from, or they’re 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 most states of the U.S. but some states may have tickets that sell for even a lot more than $20 each.luckybet678

States do instant lotteries to greatly help fund numerous programs. As an 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 a lot more than $13 billion to public education. Annually, the lottery provides about 4.5 percent of the funding required for Ohio’s public education. In Missouri, approximately 27.3 cents of each and every dollar used on the Lottery benefits education programs; 61.6 cents dates back to players as prizes, 5 cents is employed for administrative costs and 6.1 cents would go to retailers in the shape of commissions, incentives and bonuses. In all, a lot more than 93 cents of each and every dollar stays in Missouri. It’s different for every single state, nevertheless the lottery is extremely beneficial despite the few problems it may cause to some, in the shape 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 realize that every time you throw a losing instant lottery ticket in the trash, you’re throwing money away ? Yes, you will find literally hundreds or even tens and thousands of folks around the globe 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 visited an area convenience store and asked them if I possibly could have a case of losing instant lottery tickets I saw they’d on the ground behind the counter. The clerk gladly gave them to me, I took the tickets home and after checking through them, I came across two that have been $1 winners that have been not redeemed, and I sold the residual losing tickets for $30, and the store was just planning to throw them away.

Where did I sell them ? On eBay. I happened to check 1 day and I noticed there is losing instant lottery tickets available on the eBay auction website. There are folks selling non-winning, so called ‘worthless’ lottery tickets on eBay most of the time. I recently did a search now while writing this information, and I came across 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. There are groups and individuals all around the globe, that love collecting lottery tickets. There are lots of websites, discussion groups and forums now just for lottery ticket collecting. In fact there is even a brand new term or term for an instant lottery ticket collector: LOTOLOGIST, and the instant lottery ticket collecting hobby is called: LOTOLOGY. To see how big this hobby is becoming just visit your chosen se, such as GOOGLE, and do a look for: lotologist OR lotology. And you’ll 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 significant event occurred in France. Because of the prospect of 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. 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 pastime in the new lottery and became wealthy as a result, but sold his interest shortly afterwards and lost the proceeds through unwise investments; sounds exactly 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 way out of debt. The very first began in Massachusetts in 1744 due to 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. Lots 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 at the end of his life, used a lottery to dispose on most of his property. Winning this lottery might 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.

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

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