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$122,000,000 In Lottery Prizes Go Unclaimed
Published:
Updated:
Unclaimed Lotto Money
Associated Press
Published: March 14 2008 - 11:39 am
Last Updated: March 14 2008 - 11:41 am
TAMPA, Fla. (AP) - The Florida Lottery has made a lot of millionaires - some who don't even know it.
The Lottery says nearly $122 million in prizes have gone unclaimed since the games started in 1988. Winners have six months
to claim prizes.
The largest unclaimed payout was a $50 million Lotto ticket sold in a South Florida market in 2003.
The rest of the five largest unclaimed jackpots aren't chump change either - ranging between $10-$20 million.
Most of the unclaimed winnings benefit state schools. The rest goes back into the lottery till.
March seems to be the month when luck develops amnesia. Tickets for three of Florida's largest unclaimed jackpots - a combined $85 million - were sold in March.
Comments
The fact that March is the month when many jackpots go unclaimed isn't surprising to me at all. One reason is because Feb & Mar are the busiest months. I don't have the statistics, but in many coastal areas and retirement communities where retirees spend a few months each year, the population doubles. In wealthy beach communities like Marco Island, only 40-50% of homeowners are residents full-time. When I lived on Sanibel Island in the mid 1990s it increased from around 3,000 in the summer to over 10,000 in Feb & March.
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