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Lottery winnings go Unclaimed

Do you know that thousands of lottery money goes unclaimed every year? This is true; not a scam.

Studies reveal that, most of the lottery enthusiasts after buying a lottery ticket forget to check who the winner is. Often, when a person holds multiple lottery tickets there is a likely chance that he forgets to check one of its numbers properly. People at times, loose their lottery tickets or forget to check their lottery numbers.

If the lost lottery ticket has won a prize then the prize of that lottery goes unclaimed and will give rise to more unclaimed lottery money. After buying a lottery ticket if that person dies and his lottery ticket was not given to any body else then also his prize money will be gone in to the category of unclaimed lottery money. All such lottery tickets give rise to unclaimed lottery money which goes into the prize pool.

Apparently, several hundreds of lottery prizes go unclaimed throughout the country. Majority of the lottery prize amount that goes unclaimed is a dollar or a two. As the amount is little, winners of the lottery do not take the pain of claiming it. Thus, all these dollars left by hundreds of people takes the form of unclaimed lottery money with the lottery companies in the end.

There are several instances in which people have walked out with a lottery ticket worth millions of dollars but have failed to reclaim it at the right time. In such a situation, the venue of the draw or the lottery company itself displays the winning ticket number and waits for them to come and ask for the unclaimed lottery money. Sometimes they wait for several months for the prize winner to come and take that unclaimed lottery money.

If you happen to loose your lottery ticket, file a claim saying so and try to investigate about what happened to your lottery ticket. Whatever lottery money goes unclaimed, it will be confiscated by the state government according to some state laws. So, they simply advertise in the local media about the unclaimed lottery money for a while and forget about it later.

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