How to Make Money With Losing Lottery Tickets (20 Ways & Tips)

When people play the lottery, they know that they might or might not win.

But how many people know that even if they do not win, their tickets are still useful?

Not many.

But you can make money from losing lottery tickets.

You can get a second chance with them, sell them, or use them in some other money-generating ways.

 

20 Best Ways &  Tips to Help Make Money With Losing Lottery Tickets

 

1. Collect Them

Before you talk about making money from losing lottery tickets, you will want to ensure that you have some.

Collecting losing lottery tickets is not a difficult task.

You will most likely get more than you want.

But since selling them earns you some money, you sure cannot get enough.

Meet people who play lotteries to give you their non-winning cards.

You can collect lottery tickets from states where there is a lottery.

 

2. Keep Them Safe

If your losing lottery tickets are not in good shape, then they are losing indeed.

If a ticket does not win the first time, there might be room for a second chance.

But with a damaged non-winning lottery ticket, there has no room for a second trial.

Avoid keeping them in wet places.

If the ticket is paper-based, it will get damaged from it.

Even if there is foil or plastic in a part of the ticket, a major part of it is still paper.

Keep the ticket from water or moisture.

If the ticket is damaged, you cannot recycle it.

You cannot sell it, and it will not be a perfect gift for anyone.

 

3. Have an Idea of How Much You Can Make From Them

Having an idea of the amount you will make from your tickets is essential.

In some states, people make an impressive amount from losing tickets.

Having an idea of the amount will guide you when you sell.

It will prevent you from selling it at a low price.

 

4. Speak With a Losing Lottery Ticket Seller

Some people specialize in selling losing lottery tickets.

Like every other money-generating venture, having an experienced person advise you is essential to getting it right.

If you want to start collecting and selling losing lottery tickets, you should speak with someone who has been collecting and selling them.

Perhaps you think that this is a one-off deal, but this might be the first of the many times you will be making money from losing lottery tickets.

 

5. Know the Law in Your State

Not every state has a lottery.

You should know what obtains in your state to avoid heartbreak.

In some states, there are no lotteries.

However, the lottery is a huge revenue-generating venture in some other states.

In states like Ohio, revenue generated from the lottery is useful towards funding the education system.

The state put dollars into their schools because they have a lottery.

In Pennsylvania, the lottery is also a source of revenue.

If you are in a state where there is a lottery, you can go ahead with your plans to make money from losing lottery tickets.

However, if there is no lottery in your state, you might as well not bother.

 

6. Enquire About Their Usage

One way to make money from losing tickets is to know who needs them.

Do you know that some people specialize in buying losing tickets?

Some people even scout for them.

They look for people who have use for them.

You have to enquire from others to know who would want to use them.

Collectors buy these losing tickets for a handsome amount every time.

 

7. Call the Lottery Organizers

One way to get ample information on your losing lottery ticket is to get the information directly from the organizers.

You can log into your website and make inquiries from in-house.

You can also search for a call number to direct your inquiries to.

They might have one or two pieces of information that someone else may not have.

 

8. Sell Them Off

Many people know the value of losing tickets and want to buy them.

One way to make money from losing tickets is to sell them to people who would like to buy them.

Once you have enquired and seen people who need these losing tickets, you have to sell them to them.

You can sell a bag of losing tickets for as much as $30.

Since you did not spend money buying these tickets, whatever amount you sell them for is entirely yours.

You can sell losing lottery tickets on eBay.

The eBay auction website is a booming marketplace for losing tickets.

If you search the website, you will find many listings for them.

 

9. Recycle Them

People make money from paper recycling.

If your losing lottery tickets are recyclable, add them to your paper recycling.

Look for the recycle symbol at the back to know if the tickets are recyclable.

Another way is to see if it is all made of paper.

If it is all made of paper, then, of course, you can recycle it along with your papers.

Try to read the lottery ticket to see if it rips easily.

If it does, then it is made of paper, and you can recycle it.

However, if you see foil or plastic, it means it is not recyclable.

In some states, we can recycle these tickets whether or not they have foil or plastic.

 

10. Make Artwork With Them

Making artwork is one way of putting losing lottery tickets to use.

You can do impressive artwork with these tickets and even sell them.

You can make money by making life-size artworks and put them on display.

Some people are ready to spend hundreds of dollars on artwork made from lottery tickets.

These artworks are unique, giving the unique material they are made of.

 

 

11. Slot Them in for a Second Chance

Those non-winning lottery tickets might qualify for a second chance.

You may want to check with your state to know if there is a provision for a second chance lottery.

If your losing lottery tickets enter for a second chance, you might win a cash prize or something bigger, like a car.

Again, you have to inquire if the company or state has provision for a second chance lottery.

 

12. Dash Them Out

You might not see how dashing your losing lottery tickets out is a way to make money from them, but it is.

Dashing your lottery tickets out to someone who sells them might earn you a few dollars.

Some persons will appreciate your kind gesture by giving you something from the sales if they sell them.

Also See: How to Get Help When Lost Money Gambling & Help With Gambling Debt.

 

13. Speak With a Lotologist

Lotologists are people who like collecting lottery tickets.

These people have been in the business for a long time.

As a newbie, you can also join the group.

You will learn from these people and make the right moves.

 

14. Join a Lotto Group

There is no better place to get information about lottery tickets than a lottery ticket collection group.

You can explore the various groups, websites, and forums available for lottery ticket collectors and enthusiasts.

These groups and forums are open to people.

It is the best place to get ample information on making money from losing lottery tickets.

 

15. Donate Them

You can donate the lottery tickets and get rewarded if there is a reward for that.

For instance, the Pennsylvania Lottery Merchandise Museum is a great place to donate losing lottery tickets.

This museum will buy these tickets from you or reward your donation.

 

16. Know Where to Take Them to

Before you can start getting money from losing lottery tickets, you have to take them to the right place.

Lottery collection is a big business.

There is dedicated software for lottery ticket collection called Lottery Ticket Collector Professional.

 

17. Use Your Social Media

Social media is a huge market these days.

You can advertise your interest in selling losing lottery tickets on social media and have people indicate interest.

You can get a beneficial lead from social media.

• What is the Difference Between Speculation and Gambling?
• What is the Difference Between Investing and Gambling?

 

18. Create a Website

If you want to take this business seriously, you can create a website for it.

A website is an efficient way to put yourself and your business out there.

You can give ample information about lottery tickets collection, how to donate them to you and what you will use them for.

 

19. Meet People Who Play Lottery Often

Most people who play the lottery do not know that they can reuse a ticket in their locations if it is obtainable.

If you introduce this to them, they may be willing to give theirs to you.

Besides, a great way to get losing lottery ticket is from people who have them, people who lost.

 

20. Make Money From Losing Tickets

The best way to make money from losing tickets is actually to make money from them.

If you do not implement them, you might have this information but not make money from your losing tickets.

Collect these so-called losing tickets, sell them, or create artworks from them and sell

 

Making Money With Losing Lottery Tickets FAQs

 

Why Do States Offer Second Chance Lottery Draws?

You might wonder why a lottery state would give a second chance to people who did not win.

They do so because:

• They want to keep people interested in the lottery. If everyone who lost in the first lottery draw has no second chance, some persons may be discouraged from even trying the first time.

People understand that most people who pick up lottery tickets will not win.

These lottery draws are made for a few persons to win.

But knowing that there is room for a second chance can encourage someone who does not have faith in lottery draws.

• The state gains more money by selling more tickets. When a state organizes a second lottery draw, it will sell more tickets and generate more revenue.

That means even if you win big, the state wins bigger.

 

Are There Any Advantages In Second Chance Lotteries?

Second Chance lotteries have some advantages.

It provides a higher winning chance for you.

When you participate in the lottery, the chances of winning are very slim.

But when you participate in second chance lotteries, you have a higher chance of winning.

This is because some people are not aware of second chance lotteries.

This boosts your chances of winning.

The fewer people aware of this process, the higher your chances of winning.

Also, not everyone who is aware of it will participate.

Some people already lose their enthusiasm from the first round.

Due to these factors, you have a higher chance of winning a second chance lottery.

 

Which State Has a Second Chance Lottery?

Not every state offers you a second chance at the lotteries.

In some states, there are even no lotteries at all.

While in some other states, lottery draws are done only once.

States like Alaska, Nevada, and Mississippi offer second chance lottery draws.

You can also get second-chance lottery draws in Hawaii, Alabama, and Utah.

So, if you live in this state and know about winning a lottery ticket, you might want to inquire about your second chances.

 

Are Losing Lottery Tickets Useful?

Yes. Losing lottery tickets are useful in a lot of ways.

If you are not recycling them, you can sell them.

Otherwise, you can give them out.

If you do not see any other way to use your losing lottery tickets, you can give them to someone who does.

 

Is There Any Advantage in Lottery?

If you donate these tickets, you will be contributing to the museum.

The museum displays its collection room for every to see.

Some states have a lottery and even second chance lottery because they generate revenue from it.

In Ohio, a part of the cash form lottery goes into funding the education sector.

 

Conclusion

Losing lottery tickets are not losing after all.

There are many ways you can make money from them.

You can sell them to people who want them, get a second lottery chance with them, or recycle them.

You can as well put your creativity to work and make impressive artwork.

These artworks can sell for cool dollars.