[Brad Lockyer]

If you’re a bit forgetful, then this story will send shivers down your spine.

The sole winner of the roughly $AU55 million Mega Millions lottery in the US has forfeited their eight-figure prize after missing the deadline to claim the prize.

And it’s not like they only had a few days to claim the money. The winner had 180 days from the time of the draw to come forward, but that deadline expired this past weekend.

While this might be the stuff of nightmares for procrastinators, the news isn’t all bad. Since the ticket was purchased in the state of Florida, there are special rules around what happens to the unclaimed funds.

“Florida law requires that 80 per cent of unclaimed prize funds from expired tickets be transferred directly to the Educational Enhancement Trust Fund,” the Florida Lottery told the New York Post.

“The remaining 20 per cent is returned to the prize pool from which future prizes are awarded or used for special prize promotions.”

[Author]

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