Post
Topic
Board Gambling
Re: Does lottery rewards expire?
by
so98nn
on 30/10/2023, 13:16:25 UTC
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.

Online or physical lottery tickets?

I just did a quick search on bc.game lottery article and nothing was written on the duration at which a lottery ticket that wins will expires or would become invalid for claim.
In my opinion, a user should be able to claim his/her reward anytime they Wish to, because I see no reason as to why they'll render the ticket invalid after sometime. If we were referring to a physical lottery ticket I would have judge that different but since I'm referring to an online casino then it shouldn't have any maximum duration at which it will be valid.

I think there are many other ways to look at it. For example, this guess could be valid for bc games only and other casinos may not work in similar ways. If the lottery tickets are valid for a lifetime then that business needs to be very strong from a financial perspective. I mean if someone won and they just casually came after 10 years to claim their ticket then it could be chaotic. The value that was assigned this year will hold many more times in terms of appreciation in the future and thus it can hamper the business as such.

I remember reading a Coca-Cola story where a man bought shares of the company in the early days when the company was not even at its moderate operations and suddenly after a few decades when the company became multi-billion dollar the shares had enormous value and as much the company could end losing their most of the business if they did the settlement. The claim was settled middle somewhere but such things can happen with the lotteries too.

At first, it might be an irrelevant comparison, but in the end, it's the company that is holding the lottery competition is liable for the reward no matter what when the user claims it.