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28-million dollars in unclaimed Michigan Lottery winnings

Lottery ticket (Reuters)
Lottery ticket (Reuters)

DETROIT (WKZO) -- There were nearly 28-million dollars in unclaimed lottery winnings in Michigan in 2012.  According to officials with the Michigan Lottery, roughly two-percent of all winnings last year went unclaimed.

During the 2012 fiscal year, which ran from October 1st, 2011, to September 30th, 2012, the lottery awarded winners over 1.4-billion dollars.  In 2011, 23.9-million dollars went unclaimed.

Michigan's lottery laws allow winners one year to claim their prize.  If the money goes unclaimed, it's put toward the School Aid Fund.