Can You Make A Living Playing The Lotto?

It might seem like an impossible dream, but could you make a decent living for yourself from playing the lotto? It way not be easy, but there are some ways that you can turn your lotto hobby into a viable income essentially playing the lottery for a living! Here are a few ways that you can help make playing the lotto your living:

Play smart, play often

Lotto legend Richard Lustig has won more than $1 million playing the lotto, along with 7 jackpot wins and other large prizes. He has had many jobs in the past, including professional gambler and blackjack dealer, but these days he considers playing the Florida Lottery his full-time job.

“This is a job,” he says of the Florida Lottery. “I play it seriously.”

He says that the two main factors he considers when playing is the size of the jackpot, and how much he won in the previous lottery. He also keeps notes regarding which numbers he has played, how often he plays those numbers and which numbers win more often. Using these techniques he makes playing the lotto more of a science than a game of chance.

Make your losses tax deductible

As with any other job, you’ll have to know what you can make tax deductible and what you can’t. The particular tax laws will differ depending on where you live, but if you can prove that the lottery is a legitimate source of income for yourself you should be entitled to the same tax deductions of any occupation within the same income brackets.

Know your “market”

Just like any other business, you should be aware of the different lotteries and how each of them are different. Each lottery has different jackpot amounts, different odds of winning a prize and have draws on different days of the week.

Knowing your market in business will give you an edge, and knowing your lotteries can certainly give you a winning edge, bringing you closer to having a form of viable, steady income in the form of lottery winnings.

Play online

We’re living in the 21st century; and that means that people conduct a large deal of their business through emails, online cloud services and the internet in general. Make sure that you approach a career in playing the lottery in the same way.

Taking the time to purchase physical lottery tickets takes time and effort you could be investing into honing your playing skills or researching different lotteries. Playing the lotto online also gives you a player profile which will keep a record of purchases, and you’ll also have access to a trained team of lottery experts which will are on call to help you with any enquiries.

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