Most people probably don’t look at it this way but I’ve heard a few people say that they consider lottery tickets to be an investment. When I tell them that most people think of buying lottery tickets as being the exact opposite, a total waste of money. I suppose it all depends on your point of view. If you look at buying lottery tickets as a form of entertainment then I suppose it’s not a total waste of time but looking at it as an investment opportunity I reckon is stretching things a little far, that is of course unless you’re one of the lucky ones who happens to win a prize.
Naturally, to win a prize you have to go out and buy a ticket and then if you do that there is always a chance that once you’ve won that elusive prize you can’t claim it because you’ve gone and lost the ticket. Now that would be a tragedy. It does happen too, I even wrote a post about it called Can You Afford To Lose Your Lottery Ticket?, which gives an idea of how many people actually lose their lottery tickets. It’s one of the many reasons why I buy my lottery tickets online. Even as recent as the last Oz Lotto $70M the Victorian winner has still failed to front up to collect their winnings. Could it be that they don’t know they’ve won because they’ve lost their ticket?