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How do stores make money from lottery tickets? A store owner explained it once but I forgot.

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When you claim a scratch off prize, how is the store paying for it? I remember he said it was already done automatically Are you sure you want to delete this answer?

do stores that sell winning lottery tickets get money

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They do NOT get a percentage of the winnings!

do stores that sell winning lottery tickets get money

This is true for my state, but I imagine this may vary some from state to state, and country to country. The lottery company takes in all the money collected. It makes no difference WHO actually hands a person the money.

I could buy a scratch ticket from a very popular convenience store that sells tens of thousands of dollars worth of tickets. I could go to an "out of the way" store that barely sells any tickets and I could still cash in the ticket. The lottery company would give that store back the money they dispersed for my win. So for every dollar you spend on scratch tickets, you should only Do stores that sell winning lottery tickets get money to "win" back around 50 cents!

If a store sells a big jackpot winning ticket, like perhaps a grand prize ticket, or a million-dollar lotto ticket, they receive a bonus for having sold that ticket. This is above and beyond any commission they receive. In New York, retailers get 6 cents on the dollar for every forex training course currency trading the sell.

How do they pay winners? They take it out of what they owe the state. It is all figured out by the lottery terminal. Winning tickets are scanned, so that's how the state knows they paid out a winner.

I am sure most of the time, the prizes are less than what the retailer owes the state. I'd guess that a retailer can also refuse to pay if they don't have enough money on premises. No they don't make money when they sell tickets.

They sell them to bring customers into the store.

do stores that sell winning lottery tickets get money

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