LOTTERY officials are hunting for two players as two $1 million tickets are due to expire within days.
The clock is ticking for them to come forward and claim the money, which could vanish soon.
Prize money must be collected before June 30A winning lottery ticket was purchased in December last year in Star, Idaho about 17 miles drive from Boise.
Whoever the lucky owner of this ticket is must hurry – as the last day to claim is the 30 June.
The ticket holder must claim their prize before 5pm on that day or risk losing out on the funds.
Meanwhile, in Virginia another winning ticket also remains unclaimed.
The winner also has until 5pm on June 30 to collect their prize money which will go to the state’s lottery beneficiaries if not claimed.
NEW LOTTO LAW
A new lottery law is set to come into force that will change how millions of players buy tickets.
It comes months after a probe was launched after a woman thought she had landed a $83.5 million prize.
Kristen Moriarty, from Texas, used the third-party courier service Jackpocket to buy what she thought was a winning slip.
If a gambler uses a courier service, it means they don’t have to step foot inside a store to buy a ticket.
Players pay a fee to the courier and they are sent a screenshot of their ticket.
But a new law, which comes into force on September 1, will see courier services banned across the state, as reported by The Texas Tribune.
Lottery players will also be banned from buying their tickets online.
The measure was signed into law by Governor Greg Abbott on June 20.
And, the Texas lottery commission will also be abolished as part of the sweeping measures.
If a gambler is caught breaking the law, then they could be hit with a fine of $4,000.
They also risk a jail sentence of up to one year.
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.
Read More Details
Finally We wish PressBee provided you with enough information of ( Lottery officials issue final ticket warning as two players risk losing $1m prizes – they must be claimed by June 30 )
Also on site :