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Unclaimed Lottery Winnings

Picture the scene, you beat the odds and win the lottery jackpot. Now imagine this scene, you have no idea you’ve won!

Strange as it sounds, every year millions of dollars of lottery / loto winnings go unclaimed around the world. In all of the worlds strange twists of fate, in my mind this ranks the highest. You could be living in the city or the country side and if you had just double checked your ticket or saved it from your jeans pocket before putting them in wash, you could be sitting pretty on a large sum of cash. But for many this is not meant to be.

Its been reported that last year in the USA alone more than $600 million in lottery winnings were unclaimed. Enough to salvage the average high street bank icon smile

In California, $29 million went unclaimed during the 2006-07 fiscal year. And it could soon go up an additional $166,599.