Lottery Officials Still Looking for $63 Million Lottery Winner as Deadline Approaches
63 million reasons you should keep a close eye on lottery tickets you buy.
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Lottery Officials Still Looking for $63 Million Lottery Winner as Deadline Approaches

14 Dec Lottery Officials Still Looking for $63 Million Lottery Winner as Deadline Approaches

lottery payoutSomeone in California might be simultaneously one of the luckiest and unluckiest persons currently on the planet. Winning the lottery is a great thing, but winning the lottery and losing the ticket might be worse than not winning at all. That could be the case as California Lottery officials are still looking for the winner of a $63 million lottery payout stemming from an August SuperLotto Plus drawing, according to the Sacramento-area NBC affiliate KCRA.com.

The winner of the multi-million dollar lottery payments bought the ticket at the 7-Eleven in Chatsworth in Los Angeles County, but has either lost the ticket or simply hasn’t come forward yet.

“That’s pretty rare, especially with the amount of money it is,” lottery spokesman Alex Traverso told the Los Angeles Times when the story first broke in November, but added that they’re still hopeful someone will come forward as, “stranger things have happened.”

The winner has until February 4 to claim their $63 million lottery payout before the prize is forfeited and goes to the California public school systems. Naturally, that won’t be the exact amount they’ll receive even if they do come forward in time, as the government withholds about 25% of lottery jackpots.

In this case if the winner were to choose one lump sum versus annuity payments, they would collect about $39.9 million. If they take the lottery annuity it will be closer to the full amount, but paid out over the course of 30 years in the same way lotteries like the Mega Millions are handled.

If the lottery payout goes unclaimed it will set the mark for the largest of such incidents in California Lottery history. Currently, a $28.5 million unclaimed prize from 2003 holds that spot.

While it would certainly be great for the California school system if left unclaimed, it would be a missed life-changing opportunity for some poor soul. Even after taxes the lump sum lottery payout would be more than enough to allow the winner to quit their job, as over half (52%) of lotto winners do.

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