Does lottery rewards expire? - page 5.

Johnyz

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Quote from: MainIbem on July 04, 2023, 11:54:22 AM

Quote from: Turn it off on July 02, 2023, 08:39:36 PM

Yes, you read that accurately.

If I buy several lottery tickets and then leave my account dormant for a long time, say at least 6 months, and my ticket wins the jackpot during that time.
Will anything happen to my prize money? Will the casino refund my money because I never claimed any of the rewards?

It's just a thought I've had for a while and decided to ask here in the community.

But why would you win and leave your prize at the first place and Is the casino your site or are you the co-founder?
Typically everyone who bought the lottery ticket and plays probably wins there are some specify time frame you would be given to come complain your winnings otherwise it could be withheld from you as the winner. But bear it that they always required their players to be more familiarize their ToS and of course every single players must read the team and conditions.

As a bettor, you should monitor your account and know if you win some and to avoid any problem its advisable to read the ToS and visit your account from time to time, imagine winning the lottery and leaving the reward for months, that’s very uncharacteristic for a gambler. Physical lottery might also have a allowed timeframe for your to get your reward, you should know this too.

summonerrk

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Quote from: Turn it off on July 02, 2023, 08:39:36 PM

Yes, you read that accurately.

If I buy several lottery tickets and then leave my account dormant for a long time, say at least 6 months, and my ticket wins the jackpot during that time.
Will anything happen to my prize money? Will the casino refund my money because I never claimed any of the rewards?

It's just a thought I've had for a while and decided to ask here in the community.

It all depends on how much the purchased lottery ticket is a document. This refers to the presence on it of any protection signs, barcodes, a security number. Also, you probably need to have a receipt proving that you bought this lottery ticket, online or physical. But in general, I think that even after many years, you have the right to claim to receive this prize. After all, you have spent money on the purchase, and your lottery ticket is identified by the number, which means that he has every right to have the winnings given to you when he announces it.

Otherwise, you can sue this organization.

MainIbem

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Quote from: danadc on July 04, 2023, 02:05:44 PM

Quote from: MainIbem on July 04, 2023, 11:54:22 AM

Quote from: Turn it off on July 02, 2023, 08:39:36 PM

Yes, you read that accurately.

If I buy several lottery tickets and then leave my account dormant for a long time, say at least 6 months, and my ticket wins the jackpot during that time.
Will anything happen to my prize money? Will the casino refund my money because I never claimed any of the rewards?

It's just a thought I've had for a while and decided to ask here in the community.

But why would you win and leave your prize at the first place and Is the casino your site or are you the co-founder?
Typically everyone who bought the lottery ticket and plays probably wins there are some specify time frame you would be given to come complain your winnings otherwise it could be withheld from you as the winner. But bear it that they always required their players to be more familiarize their ToS and of course every single players must read the team and conditions.

I also think the same, that's what the To's are for, and it may be that the case you say happens, but if the person wins and doesn't claim his prize, obviously the casino will not keep that person's money, because that's what the rules or regulations are for. , I say something, I am a very clueless person, but if I buy a ticket I must set an alarm on my phone to be aware because it is not known when we are lucky enough to win, and when it comes to casino prizes they are very juicy prizes, That is something that we should not neglect, I am clueless, but when it comes to money, nope, we must be very serious, things must be done very well, it is money, and it would be very painful if it was earned and that time passes to claim and no longer I can have it, it's to cry.

I don't think is something you should cry for is just simply by following rules and guidelines to know when last or deadline to claim your money. As I understand casino are very stringent In terms of money policies regarding when a player fails to abide to their ToS. Just as like what is happening to the scam accusations section, is about violation.

Fortify

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Quote from: Turn it off on July 02, 2023, 08:39:36 PM

Yes, you read that accurately.

If I buy several lottery tickets and then leave my account dormant for a long time, say at least 6 months, and my ticket wins the jackpot during that time.
Will anything happen to my prize money? Will the casino refund my money because I never claimed any of the rewards?

It's just a thought I've had for a while and decided to ask here in the community.

That's a bit of a random question considering there are thousands of different lottery systems out there that all have different rules. What lottery are you talking about in particular? Of course they should honor your casino win if the ticket is valid. The prize will most likely be paid out automatically to your account and it would seem rather unusual if you have to claim it first, just going by how most other casino games work. However it won't really matter all that much to a casino to sit on your money, because they already earned their commission by selling the initial tickets and have made a profit from that process already. I have seen cases where certain casinos or payment providers will charge a dormant fee so it's worth staying on top of these things.

danadc

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Quote from: MainIbem on July 04, 2023, 11:54:22 AM

Quote from: Turn it off on July 02, 2023, 08:39:36 PM

Yes, you read that accurately.

If I buy several lottery tickets and then leave my account dormant for a long time, say at least 6 months, and my ticket wins the jackpot during that time.
Will anything happen to my prize money? Will the casino refund my money because I never claimed any of the rewards?

It's just a thought I've had for a while and decided to ask here in the community.

But why would you win and leave your prize at the first place and Is the casino your site or are you the co-founder?
Typically everyone who bought the lottery ticket and plays probably wins there are some specify time frame you would be given to come complain your winnings otherwise it could be withheld from you as the winner. But bear it that they always required their players to be more familiarize their ToS and of course every single players must read the team and conditions.

I also think the same, that's what the To's are for, and it may be that the case you say happens, but if the person wins and doesn't claim his prize, obviously the casino will not keep that person's money, because that's what the rules or regulations are for. , I say something, I am a very clueless person, but if I buy a ticket I must set an alarm on my phone to be aware because it is not known when we are lucky enough to win, and when it comes to casino prizes they are very juicy prizes, That is something that we should not neglect, I am clueless, but when it comes to money, nope, we must be very serious, things must be done very well, it is money, and it would be very painful if it was earned and that time passes to claim and no longer I can have it, it's to cry.

MainIbem

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Quote from: Turn it off on July 02, 2023, 08:39:36 PM

Yes, you read that accurately.

If I buy several lottery tickets and then leave my account dormant for a long time, say at least 6 months, and my ticket wins the jackpot during that time.
Will anything happen to my prize money? Will the casino refund my money because I never claimed any of the rewards?

It's just a thought I've had for a while and decided to ask here in the community.

But why would you win and leave your prize at the first place and Is the casino your site or are you the co-founder?
Typically everyone who bought the lottery ticket and plays probably wins there are some specify time frame you would be given to come complain your winnings otherwise it could be withheld from you as the winner. But bear it that they always required their players to be more familiarize their ToS and of course every single players must read the team and conditions.

348Judah

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Quote from: Turn it off on July 02, 2023, 08:39:36 PM

If I buy several lottery tickets and then leave my account dormant for a long time, say at least 6 months, and my ticket wins the jackpot during that time.
Will anything happen to my prize money? Will the casino refund my money because I never claimed any of the rewards?

It's just a thought I've had for a while and decided to ask here in the community.

Firstly know that winning a casino jackpot is different from winining a lottery, they both may have similar things regarding the huge amount you won and for you to leave such without claiming over time, now what determines your consequences depends on the rules and regulations that they have set for every claimant, if you're lucky enough that after six months you can still claim your money then it's better good for you, if their rules goes against that then you might just have risked losing the money, what i still don't understand is the possibility to this cause, if someone can gamble or apply for lottery without checking back to know the outcome.

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In the case of physical lotteries, I think they have got some limit of time before the ticket indeed becomes expired and you cannot longer claim the prize.
It sounds logical though, the lottery agency cannot hold the prize for ever because that would imply keeping a record of all the unclaimed money and the winner tickets, which is rather a hassle and a waste of money they could possibly use for future rewards and promotions.

noormcs5

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Quote from: goldkingcoiner on July 04, 2023, 10:37:25 AM

I still believe that there should be a law which states that lottery rewards must have a minimum expiration timeline of a year or two. Maybe even longer.

For the casino point of view, they would never want the lotteries expiration to be that longer duration. They would ideally want the lottery duration to be of minimum duration and the reason for this is that one the lottery is expired people will be willing to buy another lottery and hence spend the money on lottery.

Contrary to this, if the lottery duration is years long, people will just hold on the lottery hoping they would get the reward and may not buy more lotteries in that time period.

goldkingcoiner

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Quote from: Turn it off on July 02, 2023, 08:39:36 PM

Yes, you read that accurately.

If I buy several lottery tickets and then leave my account dormant for a long time, say at least 6 months, and my ticket wins the jackpot during that time.
Will anything happen to my prize money? Will the casino refund my money because I never claimed any of the rewards?

It's just a thought I've had for a while and decided to ask here in the community.

In my own knowledge, they do eventually expire, however the timeline of expiration is set differently from lottery to lottery. This is why reading the terms and conditions as well as a thorough examination of the rules is definitely a must. Lotteries may be regulated but they have waay too much leeway when it comes to setting arbitrary timelines and designing their own lottery rule framework.

But I would not go as far as to call them unfair or scammers. Since they are operating under the regulations laws they are given by their government...

I still believe that there should be a law which states that lottery rewards must have a minimum expiration timeline of a year or two. Maybe even longer.

notblox1

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Quote from: iv4n on July 03, 2023, 02:10:38 PM

But when it's come to offline lotteries and buying tickets it's different. Maybe a month or two ago I saw an article about some German lottery, after 3 years nobody collected the main prize and the money went back into the prize pool. Every big lottery has its own ToS, lottery tickets expire after some time, depending on the country it can be some short or long period of time...

With crypto bitcoin lotteries there is nothing to expire, only thing they can do is to ban your account for any reason if they want to keep your money.
I dont trust anything what government lotteries are telling us and they can do whatever they want because nobody is controlling them.
Any lottery needs to be provably fair and I heard many cases of making stuff heavier to select exact numbers they want.
With digital lotteries and computers this fake draws can only be easier now.

aioc

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Quote from: Turn it off on July 02, 2023, 08:39:36 PM

Yes, you read that accurately.

If I buy several lottery tickets and then leave my account dormant for a long time, say at least 6 months, and my ticket wins the jackpot during that time.

What's the reason for not checking if you won, you'll be regretting for the rest of your life, if the ticket expires and you win the top prize, can you just imagine life-changing money and you missed it, not everyone can win a lottery I know people who keep buying lottery tickets for the rest of their life and not hitting the jackpot.

Quote

Will anything happen to my prize money? Will the casino refund my money because I never claimed any of the rewards?

It's in their term but I believe you cannot ask for a refund I have not known lotteries that offer refunds after failing to collect, it's your fault, not theirs.

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Quote from: dothebeats on July 03, 2023, 05:44:57 PM

Depends on which lottery providers are you playing with.

If it's online lottery, they most certainly have a time period for you to collect your winnings. Same goes with physical lotteries - they have a period in which you collect your winnings, and if you do not collect it at that time period, that amount will either go back to the organization or be donated to certain charities. It depends mainly on the organization handling the lottery; they have different rules on claiming your prize.

Is there a lottery provider that provides convenience with unlimited time limits to be able to exchange prizes?
If there is, try to explain a little which provider makes it easy so that we can all buy lottery tickets there and collect more prizes if we are lucky?

From my personal experience, I have never known of a lottery provider that does not provide a specific time limit for exchanging prizes.
So far, every gambler will definitely immediately exchange prizes if the tickets he buys really win and whether in large or small amounts, they will be exchanged immediately.

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Quote from: dothebeats on July 03, 2023, 05:44:57 PM

Depends on which lottery providers are you playing with.

If it's online lottery, they most certainly have a time period for you to collect your winnings. Same goes with physical lotteries - they have a period in which you collect your winnings, and if you do not collect it at that time period, that amount will either go back to the organization or be donated to certain charities. It depends mainly on the organization handling the lottery; they have different rules on claiming your prize.

When it comes to online lotteries, I have participated in quite a few of them in the past and their rewards are paid into you account on the casino you bought the ticket, so long as you gat the winning number your rewards wi be credited into your account.

I do a good number of them and also lost some, but in all it depends on the casino and before I buy any lottery ticket, I always check to know what are the criteria and rules guiding their services.

dothebeats

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Depends on which lottery providers are you playing with.

If it's online lottery, they most certainly have a time period for you to collect your winnings. Same goes with physical lotteries - they have a period in which you collect your winnings, and if you do not collect it at that time period, that amount will either go back to the organization or be donated to certain charities. It depends mainly on the organization handling the lottery; they have different rules on claiming your prize.

Oasisman

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Quote from: Turn it off on July 02, 2023, 08:39:36 PM

Yes, you read that accurately.

If I buy several lottery tickets and then leave my account dormant for a long time, say at least 6 months, and my ticket wins the jackpot during that time.
Will anything happen to my prize money? Will the casino refund my money because I never claimed any of the rewards?

It's just a thought I've had for a while and decided to ask here in the community.

I'm 70% sure that lottery tickets has an expiry date and I guess 6 months might still within the time frame and it's still safe for your ticket from forfeiture. I guess the maximum will be 1 year after that your ticket are most likely going to be invalidated.
When your ticket gets a winning I dont think it will take you the whole 6 months before you claim your prize, you should never leave your account dormant since you can access online casinos anywhere. I think land based casinos these days has a website too where regular members can log in to their website for updates and account balances.

Casdinyard

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Quote from: Turn it off on July 02, 2023, 08:39:36 PM

Yes, you read that accurately.

If I buy several lottery tickets and then leave my account dormant for a long time, say at least 6 months, and my ticket wins the jackpot during that time.
Will anything happen to my prize money? Will the casino refund my money because I never claimed any of the rewards?

It's just a thought I've had for a while and decided to ask here in the community.

I think conventionally, both online and land-based lottery impose strict expiration dates on all tickets they issue, this is to ensure that every draw is made fresh and so people don't use old tickets with potential jackpots in them to get an unfair advantage against the competition. So you might as well use all of them in one go or at least before they expire. For land-based casinos it usually expires on the particular draw date and any further time will render the ticket void and invalid. Online lotteries on the other hand may impose lengthy expiration dates as much as they please. It's all about the system and what works best for these casinos really.

So again, you might wanna use those up before they become useless piles of paper or junk in your online inventory.

Gozie51

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Quote from: Porfirii on July 03, 2023, 12:00:02 PM

So now, answer this question: what do you prefer, finding in a drawer an old lottery ticket dated last year and worth 100 millions, or a hardware wallet you forgot about in 2015 which contains 3 BTC? Many people don't know that lottery tickets expire, so I hope that after reading this thread you know the right answer.

This thread is very educative because I have seen some bettors who don't know about the topic, they feel if you have a winning lottery tickets that you can stay until eternity before going to cash it but that is false and this thread has become an eye to most that are not knowledgeable about it.

However for your moreorless easy puzzle that you want to unravel Grin

if the lottery ticket is dated last year and we are on the 7th month this year which means there is possibility that the ticket may have expired because most lottery ticket don't stay longer than 6 months. So with the analysis of the chances of the ticket expiring, I would go for the 3BTC.

On the second analysis, if the ticket has not expired then I will go for 100 million (I assume this is $100,000,000). So I will use the money to invest in more btc .

Slow death

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you asked a very interesting question and it would be great if many casinos or sites that offer these lottery options would read your question so that they would go ahead and update their TOS to accommodate the rule of having a certain deadline for people to withdraw the lottery prize. in my opinion it is important that everyone who offers lottery tickets should put a deadline for people to claim their prizes, for example in my country the companies that have lotteries they put a limit of 120 days at most for the winner to go with their ID raise the prize

but there are other companies in my country that set the limit for withdrawing the prize something like 90 days, others have set 60 days and others 30 days, after the withdrawal limit time, the person will no longer withdraw the prize and the value of the lottery increases and if someone else wins the lottery, they will keep all the money. I think it's a fair measure. now for cases of online lottery there is no withdrawal limit, but I doubt very much that they will be waiting 30 days until the winner decides to show up to collect the prize

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Quote from: Turn it off on July 02, 2023, 08:39:36 PM

Yes, you read that accurately.

If I buy several lottery tickets and then leave my account dormant for a long time, say at least 6 months, and my ticket wins the jackpot during that time.
Will anything happen to my prize money? Will the casino refund my money because I never claimed any of the rewards?

It's just a thought I've had for a while and decided to ask here in the community.

It depends on the casino or the company who owns the lottery's terms, the lottery is very popular here in our country and you only have one year to claim your prize one year after the draw, on online casinos you should ask the support or check the TOS, and I believe there is no refund of the ticket because in the first place you are at fault here for not claiming your ticket right away.
It's extreme laziness if you failed to check your ticket when you will only spend a few minutes to do so, it's your ticket to your dream so why fail to check it?

Topic: Does lottery rewards expire? - page 5. (Read 1025 times)