Unclaimed $1 Million Powerball Prize Gifted to Schools in Michigan
Michigan’s state School Aid Fun has received a significant boost thanks to someone else’s Powerball win. The ticket estimated to be worth somewhere in the region of $1 million went unclaimed. The winning ticket holder had until Thursday to claim their win but failed to do so. The winning Powerball ticket was purchased at the Speedway gas station on 10070 Highland Road in Hartland on October 3rd 2018 (Wednesday), and saw the winner match all five white numbers drawn on that night.
Unclaimed Powerball prize
The unclaimed lottery prize has been awarded to the school fund as a result of the winner not coming forward and will benefit may of the schools across the state. This isn’t the first time a win has been unclaimed in the Powerball lottery; earlier this year, another $1 million winning ticket which was bought in Ypsilanti also went unclaimed.
The biggest ever unclaimed prize was worth a staggering €34 million and was drawn back in 1998, so t’s safe to say the winner won’t be coming forward to claim the life-changing win after more than a decade.
About the State Aid School Fund
Michigan School Business Officials was founded in 1937 as a non-profit corporation to serve the multifaceted interests of education (the company behind the fund). It is their goal to serve all of members to the best of their ability, to provide a forum for the exchange of ideas, and to provide opportunities for members to expand their professional horizons in the public education sector.
“The unit is responsible for administering the State School Aid Act and distributing over eleven billion dollars in state funds to public school districts across the state. In addition, this unit provides guidance on issues of school finance and tax policy, public school district financial accounting, various financing mechanisms available to school districts, and information on pupil accounting statutes and rules. Finally, the unit provides interpretation, analysis, and coordination of Departmental activities related to the annual development of the State School Aid K-12 budget.”