Can you imagine someone spend money on lottery tickets, actually win a great prize, and never claim your prize? That seems crazy, right? Who in your right mind not claim a great lottery prize? Actually, although it is hard to believe, sometimes it happens and there are numerous reasons why it sometimes happens. Sometimes people make a mistake when checking their numbers and they do not even realize that they won. Sometimes people lose their tickets. Sometimes people do not even remember that they bought a ticket and, therefore, not even checking it. Absolutely everything can happen. It is true, since, every year, there are hundreds of millions of dollars in not claimed lottery profits. So, what happens with the unclaimed lottery prizes?
Each lottery is different, but, usually one of two things happens with unclaimed lottery prizes: either the unclaimed money returns to enter the Lottery Awards bag or the Corporation distributes again in social services that Supports, like education, for example.
Let’s look at one of the largest lotteries in the United States – Powerball. If a PowerBall well is not claimed, the award money is again distributed to all state lotteries involved in the game, in proportion to its total sales. State lotteries can decide what to do with money and often go back to the right in helping communities.
Let us now consider one of the largest lotteries in Canada – Lotto 649. If a 649 Lottery Major Prize is not claimed, unlike Powerball, the unclaimed money does not go back to the Provincial Lotteries. Rather, it is re-entered into the prize bag and returned to the players through future bonus awards or promotions. Thus, for example, Lotto 649 could increase the size of the guaranteed boats for a few later draws in a row. Or it may be that they have a time of a special bonus only where they are going to take out an extra game of numbers that players must match to win the prize. Either way, players benefit from additional prizes.
As you can see, all lotteries have variations about what they do with their unclaimed lottery prizes. Each one treats the prizes not claimed differently. If you want to know exactly what happens with the money not claimed for the lottery that is played, the best you can do is login on the website of that lottery and look in your frequently asked questions section. There, what happens with money will be told.