Why billions of dollars in lottery prizes go unclaimed
Nobody hit the Powerball Jackpot Wednesday night, but there are still 3 million winning tickets out there. The question is how many of them will be claimed. You'd be surprised how many winning tickets are never turned in. There are literally billions of dollars in unclaimed lottery prizes each year, according to research from lottery expert Brett Jacobson. He collects data from every state lottery commission for a lottery app he runs, and his data shows there were $2.89 billion in unclaimed lottery prizes in the 12 months ending June 2017. Most of the unclaimed prizes are small. Powerball has a $4 prize for picking just the Powerball number correctly, while Mega Millions has a $2 prize for getting its Mega Millions number. But some of the secondary prizes can be worth $1 million or more. Wednesday's Powerball had secondary prizes worth $29.97 million. There were five tickets worth $1 million each sold in Florida, California, North Carolina, New York and Oregon, ...