What I Think They Should Do With The $1.5B If UnclaimedPrev TopicNext Topic

• TooTallLuke

  

  Ontario
  Canada
  Member #137,280
  December 31, 2012
  106 Posts
  Offline
  Mar 3, 2019, 10:14 am

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  I think if the $1.5B is unclaimed the money should be setup for a special guaranteed payout draw.

  Every ticket sold comes with a unique serial number/identification number and those numbers could be used for the draw

  They could do the draw and randomly select 1,500 tickets with a guaranteed prize of $1,000,000

  Or they could randomly select 150 tickets with a guaranteed prize of $10,000,000

  or even 15 tickets with a guaranteed prize of $100,000,000

  Either way they do it, the money goes to the players and NOT back to the different States that contributed towards the jackpot prize, as most people suspect is going to happen if left unclaimed.
• CDanaT

  

  Central TN
  United States
  Member #121,187
  January 4, 2012
  7,769 Posts
  Offline
  Mar 3, 2019, 11:27 am

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  In response to TooTallLuke

  Quote: Originally posted by TooTallLuke on Mar 3, 2019

  I think if the $1.5B is unclaimed the money should be setup for a special guaranteed payout draw.

  Every ticket sold comes with a unique serial number/identification number and those numbers could be used for the draw

  They could do the draw and randomly select 1,500 tickets with a guaranteed prize of $1,000,000

  Or they could randomly select 150 tickets with a guaranteed prize of $10,000,000

  or even 15 tickets with a guaranteed prize of $100,000,000

  Either way they do it, the money goes to the players and NOT back to the different States that contributed towards the jackpot prize, as most people suspect is going to happen if left unclaimed.

  TN Lottery audit 2017

  https://www.tnlottery.com/sites/default/files/2019-01/TEL_Audit_Report_2017.pdf

  *See Page 28, Note #8 Due to After-School Programs Special Accounts

  This explains where 100 % the unclaimed prize money that is generated, goes to.

  Looking at the funds generated from unclaimed revenue from 2016 & 2017 (approx $25.5 Million) by your process, we would have to have at least 26 of the 1500 tickets that would make up the difference.

  TN is a non state income tax state and to force some kind of a tax on the residents to make up the difference would not be favorable. Sales tax in this state is currently at 9.25%

   

  The only suggestion that I would offer as a potential alternative, is that at the end of the expiration of the respective winning state's time limit ( This time being SC @ 180 days) that the money is returned to the main jackpot for the next draw. In this jackpot case, the claim date is set to expire Easter Sunday, April 21st(7 weeks from today). On the following jackpot draw date, Tuesday April 23rd, have that entire amount put back into the jackpot in addition to what it is already in there............

  Just my 2 pennies on the topic

  Si vis pacem, para bellum.
• Kingofearth

  

  Israel
  Member #174,649
  May 5, 2016
  1,100 Posts
  Offline
  Mar 3, 2019, 12:59 pm

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  In response to TooTallLuke

  Quote: Originally posted by TooTallLuke on Mar 3, 2019

  I think if the $1.5B is unclaimed the money should be setup for a special guaranteed payout draw.

  Every ticket sold comes with a unique serial number/identification number and those numbers could be used for the draw

  They could do the draw and randomly select 1,500 tickets with a guaranteed prize of $1,000,000

  Or they could randomly select 150 tickets with a guaranteed prize of $10,000,000

  or even 15 tickets with a guaranteed prize of $100,000,000

  Either way they do it, the money goes to the players and NOT back to the different States that contributed towards the jackpot prize, as most people suspect is going to happen if left unclaimed.

  This is the USA, that is way too reasonable and logical for this third world hell hole to ever implement. Also the 1.5B is the Annuity, there's only 800 something million in the pot.

  🏳️‍⚧️🏳️‍⚧️🏳️‍⚧️🏳️‍⚧️🏳️‍⚧️🏳️‍⚧️

  Trans Rights are Human Rights.
• CDanaT

  

  Central TN
  United States
  Member #121,187
  January 4, 2012
  7,769 Posts
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  Mar 3, 2019, 2:12 pm

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  In response to Kingofearth

  Quote: Originally posted by Kingofearth on Mar 3, 2019

  This is the USA, that is way too reasonable and logical for this third world hell hole to ever implement. Also the 1.5B is the Annuity, there's only 800 something million in the pot.

  There is always Yemen

  Si vis pacem, para bellum.
• Soledad

  

  New York, NY
  United States
  Member #140,628
  March 23, 2013
  11,935 Posts
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  Mar 3, 2019, 2:21 pm

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  There’s only one clear answer. They should give it to me.

  Sometimes you do the right thing just because it’s right.

  Life's a game of mathematics, if you can't figure that out I don't know what to tell you.
• Coin Toss

  

  Zeta Reticuli Star System
  United States
  Member #30,469
  January 17, 2006
  11,788 Posts
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  Mar 3, 2019, 2:26 pm

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  The money goes back to the states.......at least some of it should go into the state's highest jackpot game. 

  Just a thought.

  Those who run the lotteries love it when players look for consistency in something that's designed not to have any. So many systems, so many theories, so few jackpot winners. 

  

  There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.
• MsBee18

  

  Florida
  United States
  Member #186,822
  January 2, 2018
  501 Posts
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  Mar 3, 2019, 3:56 pm

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  Each state should pledge a percentage of their money to roll in the current PB jackpot. For example Florida is due $1,000,000 in sales for their contribution to 1.5B. $100,000 or 10% is held back to be add to the PB current jackpot. Each state adds 10% of their share. That will bump the current jackpot. 

  The other 90% the states can do what they have outlined in their rules on unclaimed funds, i.e. special promotions, education funding, health care etc.