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Ticket resale is common in both sporting and musical events. Ticket resale is a form of arbitrage that arises when the number demanded at the sale price exceeds the number supplied (that is, when event organizers charge less than the equilibrium prices for the tickets).
A variation on the ticket-based redemption game is the merchandiser, which directly displays and dispenses merchandise, rather than dispensing tickets which are then redeemed for prizes. Arcade games that offer no prizes are known as non-redemption games .
In one case, a former legislative aide to Representative Ted Poe was exposed by a prospective buyer after the former aide used Craigslist and e‑mail to offer five tickets to the buyer for $4,500. [41] Federal and state officials became concerned about ticket scalping and fraud related to sales of the tickets for the swearing-in ceremony. [42]
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An Indiana woman is $500,000 richer after winning money on a lottery ticket she received during a white elephant gift exchange.
A ticket from a slot machine at Caesars Palace in Las Vegas, Nevada.. Ticket-in, ticket-out (TITO) is a technology used in modern slot machines and other electronic gambling machines in which the machine pays out the player's money by printing a barcoded ticket rather than dispensing coins or tokens.
While Paul Marshall's $50,000 ticket was approved after a store clerk ripped it up, one woman lost $500 after she posted her ticket to Facebook. Indiana man's ripped-up $50,000 Powerball ticket ...