Canadians fail to claim millions in lottery winnings

Views: 76

Toronto, February 26 (CINEWS): In Ontario a whopping $21.4 million of winning lottery and instant-play tickets expired without being cashed in at the end of the Ontario Lottery and Gaming Corporation’s 2014/2015 fiscal year.
It represents just over one per cent of a total $1.8 billion won in the province that year.
Under OLG rules, players have one year to claim their winnings.
Most of the unclaimed prizes are small amounts ranging between $2 and $100, he noted, which add up to the millions.
According to the OLG, it’s rare for winners not to claim major prizes, which it defines as $10,000 or more.
The last jackpot that went unclaimed was a $5-million prize won in a Lotto 6/49 draw on March 29, 2004.
New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland had a combined total of $2.4 million in unclaimed winnings from regional draw games, according to the Atlantic Lottery Corporation.
For cross-Canada draws, like Lotto Max and Lotto 6/49, unclaimed and expired prize money goes back to the national fund to be used in future draws or promotions, according to both Pister and Manore.
Moral of the story? If you buy a lottery ticket, don’t procrastinate, check it out before throwing it out.

ALSO READ:   More than 100 children expected to participate in MakeArtWork event
Comments: 0

Your email address will not be published. Required fields are marked with *