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 / ECONOMY & WORK

NY mom lost a massive $12 million lottery prize. She realized her mistake 31 years later

Janet Valenti wanted to get the money as anybody would but the unfortunate fate of the ticket barred her from claiming the money for thirty-one years. 
PUBLISHED AUG 14, 2024
Cover Image Source: Woman did not claim her $12 million lottery money for 31 years (representative image) | Unsplash | Photo by Erik Mclean
Cover Image Source: Woman did not claim her $12 million lottery money for 31 years (representative image) | Unsplash | Photo by Erik Mclean

After three decades of waiting, a woman from New York has stepped forward to share with local lottery officials that she was the person who never claimed $12 million from a 1991 Lotto jackpot. This news comes as a shock in a world full of people looking to earn more to lead the comfortable lives they dream of. Janet Valenti, 77, revealed she was the rightful owner of a $12 million New York Lotto jackpot that sat unclaimed for more than 30 years. Valenti wanted to get the money as anybody would. However, the unfortunate fate of the ticket barred her from claiming the money for thirty-one years. She says that she has won the ticket sitting on an end table next to her couch, among other lottery tickets, according to the lottery post. She believed she had checked all the tickets on the table, and thrown them in the trash before leaving the house with her kids to spend the weekend at a friend's house. 



 

Over the weekend, she was unaware she had tossed the winning ticket in the trash. When she returned, a friend informed her of a winning $12 million Lotto ticket sold in Staten Island. She soon discovered she had won after seeing the winning numbers in the newspaper. Upon arriving home, she rushed to retrieve the ticket from the garage but could not find it. 

"My next-door neighbor, who has never in her life, the whole time I lived there, ever put my garbage out for collection, she did," Valenti told the Staten Island Advance. This meant she could not scour through the trash as it had already been picked up. 



 

"I was a wreck," Valenti recalled to the Staten Island Advance. "I was sick for a long time over it."

On July 17, 1992, one year after the ticket disappeared, the Lotto jackpot went unclaimed and was returned to the state lottery fund. The unclaimed prize holds the record for being the latest in New York's history. At the time of the lottery the owner of the store, Carolina Cutroneo went about asking people if they had bought the winning ticket for over a year. "I think somebody, when they saw they'd won, died or never found out in the first place," she had said then. "In the beginning, we were putting up signs every day, but no one came forward. It's probably somebody who needs it."

Unsplash | Photo by Ryan Brooklyn
Unsplash | Photo by Ryan Brooklyn

At the time, many thought that the winner of the lottery ticket was an outsider. However, after all these years, it turns out that it was not true. 

Talking about the money, Valenti told the Staten Island Advance, "Given that kind of money, things can go bad." "That was a saving grace. Who knows what would have happened if I'd had that money? You read these stories, a lot of people win Lotto, and they drop dead. Maybe it was (Bruno) looking out for us to not have that kind of money." Despite her loss, she remains hopeful of winning the lottery someday.

Editor's note: This article was originally published on May 27, 2024. It has since been updated.

MORE ON MARKET REALIST
The man accidentally threw away the disk that had the Bitcoin, now worth roughly $482.1 million, in 2013.
3 hours ago
You need to look for the series date located on the right of the photograph of George Washington.
3 hours ago
The $1.99 necklace turned out to be a piece of art from Aaronel deRoy Gruber.
14 hours ago
“It’s bonkers, and trying to prove where we were is quite hard," she said.
1 day ago
Winfrey assures him that it isn't too expensive saying that it costs only about "a hundred something" dollars.
2 days ago
While the creator shared anecdotes from her life, research also supports her claim.
2 days ago
Chris Robarge went viral for sharing a heartwarming story of his anonymous landlord.
2 days ago
Navinder Singh Sarao, who was nicknamed the 'Hound of Hounslow', was accused of 'spoofing' the market.
2 days ago
The traveller took to X to share the screenshots of the apps showing the price difference.
3 days ago
Many took to the comment section and talked about the situation, with some saying that it was no big deal.
3 days ago
"The rest of our budget will be given to Santa to provide presents for children whose parents can’t contribute to the elves."
3 days ago
Many took to the video to share their views, with one user Tommy Drop "If u use self-checkout just make sure u don't steal even by accident, and you're good."
4 days ago
When the bill came, the group of four was shocked and their reactions were captured in a TikTok video which now has over 8.8 million views.
4 days ago
While many in the Middle East are open to tipping, some people simply do not agree with the philosophy of tipping 20% of the bill.
5 days ago
In an emotional video on TikTok, the creator expressed that it is what Christmas is all about.
5 days ago
She further says that the policy is to help people recover from stress and reduce absenteeism.
6 days ago
The waitress attached a photo of the original cheque and wrote, "Been serving nearly 20 years and by far the best tip I have ever received."
6 days ago
He alleges that Americans are being gaslit into thinking that they are lazy or expect too much. 
6 days ago
The couple sold it for $10,000 before it was found on eBay where it was listed for over $18,000.
7 days ago
The woman tested the limits of the retail club's return policy and came out successful.
Sep 3, 2024