| Posted: July 20, 2007, 9:06 pm - IP Logged |
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Basically the State of California wants more unclaimed Lottery prizes to go to Schools. They only have 6 months to claim and other Mega states have a year and they want to make it the same as the other States.
Is there really that much money in unclaimed prizes? Or are they hoping there are at least a few Jackpots that go unclaimed?
"Or are they hoping there are at least a few Jackpots that go unclaimed?"
That's an interesting question because it sounds like California wants to assume ownership of the entire jackpot prize from an unclaimed ticket sold in that state even though the majority of the tickets were sold in other states. In most states when there are 2 or more jackpot winners and one of the tickets goes unclaimed that portion goes back to the states.
Mega Millions probably has provisions covering that in their contracts with all the states involved. If the unclaimed ticket was sold in New York or any other state that allows a year to claim, California would still have to wait that long to get their share.
Do you think the California Legislation is buying Mega Millions tickets as a way of balancing their budget?
