TIME is ticking for the lucky lottery player of an unclaimed Cash5 prize worth $100,000 before it expires.
Connecticut Lottery officials have issued a three-step warning to ensure this winner and future players secure their prize before the looming deadline.
GettyThe $100k prize is yet to be claimed[/caption]LOTTO WINNINGS
The winning lottery ticket was purchased at East Main Convenience, located at 1051 E. Main St. in Stamford, Connecticut.
Held on August 13, 2024, the winning numbers for the Cash5 drawing were 08, 10, 11, 23, and 34.
Despite nearly six months passing since the draw, no one has stepped forward to claim the huge prize of $100,000.
The Connecticut lottery is urging all players to check their tickets immediately, as once the deadline on February 9, 2025 passes, the winnings will be forfeited.
3 SIMPLE STEPS
To prevent missing out on a major payout, the Connecticut Lottery has outlined three crucial steps for ticket holders.
First, signing the back of your ticket is essential.
This ensures no one else can claim the prize if the ticket is lost or stolen, while also verifying ownership during the claiming process.
Next, storing your ticket in a safe and memorable place, like a wallet, safe, or designated drawer, is a good step to preventing misplacement or damage.
The lottery also urges the winner to claim their prize immediately.
For winnings over $50,000, claims must be processed at the Connecticut Lottery Headquarters in Rocky Hill.
If no one claims the $100,000 prize by February 9, 2025, the funds are redirected back into the state’s lottery system, often used for public services and future prize pools.
This means the winner stands to lose out on a six-figure windfall if left unclaimed.
Lottery winnings: lump sum or annuity?
Players who win big on lottery tickets typically have a choice to make: lump sum or annuity?
The two payout methods can impact how much money you get from your prize.
Annuities pay out slowly in increments, often over 30 years.
Lump sums pay all at once but in a smaller amount, as taxes are withheld in one go. That means 24% of your prize goes to Uncle Sam right away. Many states tax winnings as well.
Annuities can provide winners time to set up the financial infrastructure required to take in a life-changing amount of money, but lump sums have the benefit of being taxed only once.
Inflation is also worth considering when making a choice, as payouts do not adjust with the value of a dollar. That means that you’ll likely be getting less valuable money towards the end of an annuity.
Each state and game pays out prizes differently, so it’s best to check with your state’s lottery to confirm payment policies. A financial advisor can also help you weigh the pros and cons of each option.
Experts have varying opinions on whether to take the lump sum or take the annuity.
If you purchased a ticket at East Main Convenience in Stamford, take a moment to double-check your numbers.
You could be sitting on a huge $100,000 prize without even realizing it.
All draw game tickets expire 180 calendar days from the draw date, according to the CT Lottery.
Read More Details
Finally We wish PressBee provided you with enough information of ( Lottery issues 3 step warning to players after $100k ticket still unclaimed – and slip was bought at convenience store )
Also on site :