July 16th Drawing 1st Prize Winnings Still Unclaimed
If Unclaimed Within One Year, Full Amount Reverts to Lottery Fund

The lottery operator Donghaeng Lottery announced that the payment deadline for unclaimed winnings from the 1024th Lotto draw held on July 16 last year is only about a month away.


According to Donghaeng Lottery on the 14th, the unclaimed first prize winnings for the 1024th Lotto draw amount to 3,020,323,500 KRW.


The lottery, paradoxically thriving during the economic downturn. A citizen is purchasing a lottery ticket with a bright expression. Photo by Mun Ho-nam munonam@

The lottery, paradoxically thriving during the economic downturn. A citizen is purchasing a lottery ticket with a bright expression. Photo by Mun Ho-nam munonam@

View original image

The winning numbers are ‘9, 18, 20, 22, 38, 44’, and the lottery ticket was purchased at a lottery retailer located in Siheung-si, Gyeonggi-do.


Lotto winnings must be claimed within one year from the start date of payment. The payment expiration date for the 1024th draw is until the 17th of next month.


Winnings that expire without being claimed are fully transferred to the Lottery Fund according to the Lottery and Lottery Fund Act. The Lottery Fund is used to support various public interest projects such as housing stability projects for low-income vulnerable groups, welfare projects for marginalized groups, scholarship programs, science and technology promotion fund projects, and cultural heritage protection projects.


Kim Jeong-eun, team leader of the Healthy Marketing Team at Donghaeng Lottery, said, “Sometimes people buy one or two lottery tickets with small amounts and occasionally forget that they purchased them,” and added, “We hope people develop the habit of placing the lottery tickets in a visible place immediately after purchase and checking the winning numbers after the draw date.”


The unclaimed Lotto winnings that expired in 2022 amounted to 41,315,000,000 KRW. The unclaimed first prize Lotto winnings consisted of one case worth 2,379,000,000 KRW, second prize 23 cases totaling 1,241,000,000 KRW, and third prize 1,412 cases totaling 2,027,000,000 KRW.



Recent unclaimed lottery winnings were 50,139,000,000 KRW in 2018, 53,763,000,000 KRW in 2019, 59,231,000,000 KRW in 2020, and 51,574,000,000 KRW in 2021.


This content was produced with the assistance of AI translation services.

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing