The invention provides a lottery issuing machine for instant lotteries, which comprises a paper accommodating mechanism, a paper supplying channel and a cutting mechanism, wherein, the paper accommodating mechanism is provided with a space for accommodating a plurality of the instant lotteries; the paper supplying channel is connected with the paper accommodating mechanism and is used for conveying a plurality of the instant lotteries; and the cutting mechanism is positioned at the down stream of the paper supplying channel in the advancing direction of a plurality of the instant lotteries and is used for cutting a plurality of the instant lotteries when the instant lotteries move to a cutting position so as to obtain the single instant lottery. The invention further provides an operating method of the lottery issuing machine for the instant lotteries, and a self-service vending machine of the instant lotteries. The invention realizes machine sale of the lotteries and has low cost and high efficiency.