Unclaimed UK Lottery Prize Money
A huge number of individuals all over Britain play the UK lottery every week with the belief that they can scoop that life changing jackpot. You would therefore think that these individuals would be frantic to get hold of the results immediately after the draw has taken place to see if their dreams have been answered. You may then be pretty amazed when I tell you that a staggering sum of UK lottery cash never gets claimed.
The UK National lottery is constantly storing vast amounts of lottery cash that they are just waiting to be claimed. In just the five month period from September 2008 to February 2009 just under £4 million went unclaimed by players of just the UK lotto game. These are not just a mountain of insignificant prizes either; there are many in excess of £10,000, a few of more than £100,000 as well as one prize of £1.5 million.
If you have gone to the effort to purchase a ticket for the UK lottery, ensure that you check your ticket numbers immediately after the draw has been completed. If you are fortunate enough to secure a cash prize, try to claim it at your earliest convenience because the UK lottery rules stipulate that any prize that has not been claimed within six months will be distributed among charitable organisations.
The principle reason put forward by lottery players as to why they do not claim their lotto wins is because they have lost their tickets. I’m certain that most of us have lost a lottery ticket along the way and have desperately attempted to locate it in time for the draw but with little luck.
Depending on the size of your UK lottery win, there are different ways in which you claim your spoils. If your prize is less than £200, you can claim your money from any UK lottery retailer in the UK. When your cash sum falls between £200 and £500 some lottery retailers may still pay out a cash sum of this size but for those who choose not to do this you will need to claim your prize at the post office instead.
When claiming UK National lottery prizes falling in the category between £500 and £50,000 again the post office is where you must go to pick up your prize. You will be required to fill out a claim form, provide your winning lottery ticket as evidence as well as show your proof of identification before being presented with a cheque for your winnings. Cash prizes of this kind can also be claimed by mail from the National lottery head quarters. Again you will need to complete a claim form and send your winning ticket as evidence of your win. If you opt to pick up your winnings in this manner, photocopy your UK lottery ticket for your security and then post the ticket itself via recorded delivery.
If you are lucky enough to be requesting a UK lottery prize in excess of £50,000, you have to visit one of the National lottery’s regional centres and make your claim in person.
If you want to steer clear of ever joining the vast number of individuals missing out on claiming their UK National lottery prize money, it would be sensible to set up an online subscription plan with the UK lottery directly. By doing this, your ticket fees will always be taken on time and you will be made aware of any prizes coming your way a short time after the draw has been made. Playing the UK lottery in this manner will guarantee that you never fail to claim prize money that is rightfully yours.
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Hi, What ever happens to the lottery winners after they run out of money? I am sure that after so many years of living high on the hog, they have horror stories. Any links to any stories would be useful. What about the people who take annuities. I am sure when the 18th or 19th year comes around, they start worrying because they only have a couple more years of money. Are there any lawsuits against the lottery commision for really stupid reasons like them not being able to take care of themselves after the money is gone?