ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

The $1 Million Powerball Prize in Kentucky Has Gone Unclaimed, but the Outcome Is Positive

An unclaimed $1 million Powerball prize in Kentucky, rare since mid-2018, has been redirected to the state's education fund.
PUBLISHED JAN 19, 2024
Cover Image Source: Lottery (representational photo) | Pexels | Photo by Waldemar
Cover Image Source: Lottery (representational photo) | Pexels | Photo by Waldemar

In a surprising turn of events, a $1 million Powerball prize from a ticket sold in Kentucky has gone unclaimed, a rarity in the state's lottery history. Terry Sebastian, a spokesperson for the Kentucky Lottery, confirmed the unusual nature of this occurrence. "We haven't seen an unclaimed win of this magnitude since at least mid-2018," Sebastian stated. This revelation came after exhaustive checks of records dating back to July 2018, per Lexington Herald Leader.

Dollar and Euro notes are displayed | Getty Images | Photo by Dan Kitwood
Dollar and Euro notes are displayed | Getty Images | Photo by Dan Kitwood

The story of the unclaimed ticket began on July 19, 2023, when a lucky ticket was sold in Henry County during a period when the Powerball jackpot had skyrocketed to an astonishing $1 billion. Despite the high stakes, the Kentucky winner failed to step forward. Kentucky Lottery President Mary Harville expressed her surprise, noting, "It’s rare that someone holding a $1 million Powerball ticket fails to cash it in." The ultimate jackpot was claimed by a player in Los Angeles, leaving the Kentucky prize untouched. The window for claiming the prize officially closed on January 15, 2024, but due to the Martin Luther King Jr. holiday, the final deadline was extended to 5 p.m. on January 12, 2024. Despite this extension and widespread publicity, the ticket remained unclaimed. This led to the expiry of the ticket, a situation that Harville described as unfortunate but not without a positive outcome.

Photo by Peaton Hugo: https://www.pexels.com/photo/photo-of-man-buying-a-lottery-voucher-12240723/
Lottery (representational image) | Pexels | Photo by Peaton Hugo

The unclaimed $1 million now takes a new path, contributing to Kentucky's Unclaimed Prize Fund. This fund plays a crucial role in supporting the Kentucky Educational Excellence Scholarship (KEES) program. KEES is known for rewarding high school students with college scholarships based on academic performance. Harville highlighted this aspect in a news release, "For more than six months, the Kentucky Lottery has waited for the owner of this $1 million Powerball ticket to come forward. Unfortunately, the ticket was never claimed, but there is a silver lining at the end of the day—we will be returning $1 million to education to further our mission to fund college scholarships and grants for Kentucky students and their families."

The case of the unclaimed $1 million Powerball ticket in Kentucky serves as a reminder of the fleeting nature of such opportunities. While the mystery of the unclaimed ticket remains, its substantial value will now benefit the future generation of Kentucky through educational scholarships, turning a forgotten chance into a beacon of hope for many.

MORE ON MARKET REALIST
Harvey admitted that he had never hear someone say this about American men.
17 hours ago
The analysis shows tech giants like Meta, Oracle are pivoting to bonds and debt to fuel AI ambitions
21 hours ago
The contestant, April Seubert, made a grand comeback to win prizes worth over $57,000.
1 day ago
With just a one in five chances, Phillip managed to bag the top prize.
1 day ago
Several coffee chains have been feeling the pain amid rising costs, tariffs, competition and more.
1 day ago
The radical pay plan could make Musk the world's first trillionaire in the next decade.
4 days ago
The TikTok creator, Auzi a.k.a @fatpastrychef's video sparked concerns over rude store staff.
4 days ago
Joseph Evans dethroned poet, Joyelle McSweeney to become the new champion.
5 days ago
Following Huang's striking comment, Nvidia took to X to soften the blow.
5 days ago
Musk has to achieve a few objectives to win the support of Tesla shareholders.
5 days ago
The FDA issued a voluntary recall over concerns about Listeria contamination.
6 days ago
Fans expressed that they too were stumped by the unusually tough puzzle.
6 days ago
Despite landing on 'Lose Everything' twice, LeRoy Quinn won the biggest prize.
6 days ago
According to AOL's calculations, the rebate is a niche perk catering to people with high incomes.
7 days ago
The directive comes after the Trump administration froze SNAP Payments from November 1.
7 days ago
The retailer is offering special discounts to its Gold Star, Business, or Executive level Members.
7 days ago
Fans were shocked and tickled to see the issue blow out of proportion on social media.
7 days ago
Apart from acing clues on Jeopardy!, Levine has a long list of TV accolades.
Oct 31, 2025
The TikTok creator was shocked to find out how generous Home Depot is.
Oct 31, 2025
Harvey wasn't impressed with what the show's audience had to say about him.
Oct 31, 2025