Quote from: coin-investor on May 22, 2024, 05:14:47 PM

Here in our country, if you hit the jackpot, you are given one year to claim your rewards. There is also a security feature on the back of the lotto ticket where you can write your name and sign it, so you are the only person who can claim the jackpot prize, and you have a year to claim it.

This is very bad, which country is that again? In my country, if you win your Lotto ticket today, you have the right to collect your money on that very day if time has not been far spent, or the very next day. At least, this is my experience with offline lottos, although they now have their presence online, but I do not think anything would change, and possibly, the online presence will make the whole process faster.

All they need to do is credit your bank account and you are good to go. Lotto is not what they are still verifying like that, once the combination is correct, you are good to go, so why the delay? A year? That's bad.

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I read that some lottery winners take weeks or even months to claim their rewards, but what's the point?
What if you keep it and will surprise your family after a month, but you have an accident and you get into a coma?

Anything can happen any second even though we do not pray for bad things. This is more reason why people's wins and benefits should be paid as quickly as possible. What if the family member needed money to sort the hospital bill when the person was in the common but never knew how to claim the winnings or didn't know there was one winning to even claim?

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Or you let it know to your family, but you decide that you will claim it after a month but some members of the family spread the news will this put your family and yourself in jeopardy

This is not an issue. I believe the winner must have known the kind of family he's from to conclude whether to tell them or not. In my family, not even the spouses would know if we want to keep it a secret.

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Do you think it's a good idea to claim your winnings a day after hitting the jackpot or wait a few weeks?
How about you? When do you think is the right time to claim your winnings?

Conclusively, since the lotto company is not an investment bank that will be adding a huge interest to my money with them, then I prefer to claim my winnings within 24 hours. In my possession, I can decide on what I will do with my money, which I believe that the majority of it will go for business and investment. This is a cool plan and purpose than letting it waste away with the lotto company.