Where Does Unclaimed Lottery Prize Money Go?
Unclaimed lottery prizes – they occur more often than you think. Any number of situations could lead to lottery jackpots going unclaimed, including lost tickets and players leaving town. Every year, millions of dollars in prizes go unclaimed, and each lottery provider has different strategies for dealing with these situations.
In 2012, the UK’s National Lottery saw one of the biggest unclaimed lottery prizes ever. In June 2012, two winning tickets for the Euro Millions lottery draw were bought. One ticket holder came forward and claimed their £63.8 million prize, but the other failed to claim his or her half of the jackpot. After months of hearing nothing, lottery officials launched an extensive campaign to track down the winner – but it was no use. The ticket expired on December 5, 2012, and no one had claimed the prize. 7M ผลบอลสด
Like all unclaimed UK National Lottery prizes, this jackpot was given to Good Causes, which allocates funding for various community groups and projects. There are 13 groups that benefit from the National Lottery’s Good Causes, including the Arts Council and the Heritage Lottery Fund.
In Canada, several multi-million dollar lottery jackpots have gone unclaimed. However, lottery providers like the Ontario Lottery and Gaming Corporation have employed some sophisticated systems in order to help players who have lost their tickets or have had their tickets stolen. Data Analysis and Retrieval Technology (DART) allows lottery officials to scan billions of lottery transactions in a short period of time. This system not only helps to ensure that the person who claims the ticket is the rightful owner; it also has the potential to help players claim prizes if they have lost their winning tickets.
Winning ticket holders have up to one year to claim their prizes. If the player does not come forward within the allotted time, the winnings are used as prizes in other lottery draws.
New Zealand has seen a significant number of lottery tickets go unclaimed in recent years. In 2012 alone, ticket holders failed to claim more than $10 million worth of lottery winnings. However, none of the prizes amounted to more than $1 million. In New Zealand, players have 12 months to claim their lottery prizes. Those that are not claimed are allocated to the Prize Reserve Fund and paid out in future draws.