Technology and Business Law Blog

Law on Claiming Lottery Prize Money

If you buy a lottery ticket keep it safe and most importantly if you are the winner of millions of dollars, make sure that you don’t lose the ticket till you claim the prize money. According to the law anyone who brings in the actual ticket will be declared the winner, or you will have to wait for a year and if no one else brings in the actual ticket then you will be awarded the prize money. So if are the winner and lose your ticket and someone else finds it then they are the winner.

Here is an very interesting story about an immigrant who won a lottery for about 70 million, lost the ticket and had to wait for a year holding his breath hoping that nobody else finds the ticket and claims the money. Well nobody else claimed the money and so he was declared the winner after a year!

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July 10, 2008 - Posted by | Uncategorized

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