Around $800 million US Dollars (USD) of lottery winnings goes unclaimed each year, or around a total of 2% of all winnings, according to 2013 findings. Often winnings are unclaimed in the instance of when participants’ numbers did not fully match the big jackpot but were partial matches for lesser prizes. Unclaimed lottery winnings will typically be returned to the state in which the ticket was purchased. The first modern lotteries, a form of legalized gambling in which states use random drawings or other selections to raise revenue, began in 1964 in New Hampshire, and operate in 37 states.
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