Buying a ticket for the lottery is an exciting experience, and it’s also a way to help others financially. However, if you do not do your homework before you put your money on the line, you could be walking away with nothing. That’s why you should be alert to the many lottery scams out there.
These scams are generally two-pronged. First, scammers will use key words to advertise their wares. They may also be able to get your personal information, which they can then use to make fraudulent purchases of merchandise or get your credit card information.
Second, they may not actually purchase the lottery ticket for you. They may instead, try to sell you a ticket for someone else’s lottery, which they may not be able to do because you are not a resident of the country where they are located.
The aforementioned international lottery scams may be fun to watch, but they are also a major headache. These scams are so common that the Federal Trade Commission estimates that Americans lose up to $120 million a year to them.
Fortunately, there are some ways to avoid these scams. The best way is to buy lottery tickets from a reliable source. Also, avoid responding to unsolicited offers that promise big money. Similarly, avoid giving out personal or banking information to anyone who tries to get you to participate in an international lottery.
Another good way to avoid these scams is to check your credit card statements for unauthorized charges. You should also report any suspicious offers to your state’s attorney general.