Welcome Guest
Log In | Register )
You last visited December 5, 2016, 9:28 am
All times shown are
Eastern Time (GMT-5:00)

254 million dollar ticket

Topic closed. 3 replies. Last post 5 years ago by haymaker.

Page 1 of 1
PrintE-mailLink
Avatar
GEORGIA
United States
Member #64238
August 22, 2008
9534 Posts
Offline
Posted: November 17, 2011, 6:02 pm - IP Logged

The way I understand it is if a person have the winning ticket for the power ball or mega million, they have one year to claim the prize.  Now if no one claims the money within that year, what happens to the jackpot?  Does it go back in the pot or what?  In other words what happens to the money if the last jackpot winner can't produce the inning ticket he claims that he lost.

    weshar75's avatar - Lottery-042.jpg
    Mcminnville, Oregon
    United States
    Member #3013
    December 13, 2003
    3047 Posts
    Offline
    Posted: November 17, 2011, 6:05 pm - IP Logged

    The way I understand it is if a person have the winning ticket for the power ball or mega million, they have one year to claim the prize.  Now if no one claims the money within that year, what happens to the jackpot?  Does it go back in the pot or what?  In other words what happens to the money if the last jackpot winner can't produce the inning ticket he claims that he lost.

    The money goes to the states general fund I think.-weshar75

      VAHopeful's avatar - winifrid
      Virginia
      United States
      Member #116536
      September 13, 2011
      51 Posts
      Offline
      Posted: November 17, 2011, 7:46 pm - IP Logged

      Copied and pasted from the FAQs on the Powerball website:

      Except for the jackpot (and the BONUS prize whenever it is in effect), all unclaimed prizes are kept by the lottery jurisdiction that has the winner. About half of the lotteries are required to put the money back into a game. The other half is required by law to turn the money over to the state's general fund. The jackpot money and BONUS prize pool are treated differently. If these two prize pools are unclaimed, The money must be returned back to all lotteries, in proportion to their sales for the draw run. The lotteries then distribute the money as they are required by law - back into other lottery games or back to the state's general fund.

        haymaker's avatar - Lottery-012.jpg
        Egg Harbor twp.south Jersey shore
        United States
        Member #112968
        June 29, 2011
        3854 Posts
        Offline
        Posted: November 17, 2011, 8:17 pm - IP Logged

        Copied and pasted from the FAQs on the Powerball website:

        Except for the jackpot (and the BONUS prize whenever it is in effect), all unclaimed prizes are kept by the lottery jurisdiction that has the winner. About half of the lotteries are required to put the money back into a game. The other half is required by law to turn the money over to the state's general fund. The jackpot money and BONUS prize pool are treated differently. If these two prize pools are unclaimed, The money must be returned back to all lotteries, in proportion to their sales for the draw run. The lotteries then distribute the money as they are required by law - back into other lottery games or back to the state's general fund.

        thanks,vahopeful for posting that,i think we need some kind uniform system w/ multi-state games.

        Extraordinary Popular Delusions & the Madness of Crowds    -- Charles Mackay  LL.D.