$1.3bn jackpot hibernates in Victoria
By maddy
Over $1.3 billion is hibernating in Victoria. The fortune comprises of 14 first division Tatts prizes, unclaimed superannuation, bank accounts, TAB bets, shares, salaries and business debts.

Who owns the money? Hundreds of thousands of ordinary Victorians. But currently it is in the custody of state and federal authorities. More than 640,000 superannuation accounts - worth an estimated $1 billion also rest alongside because its owners cannot be traced. A $769,000 division one Tattslotto prize from a ticket purchased 8 years ago is also amongst unclaimed Tatts winnings totaling $180 million.

Another absent-minded person or maybe deceased person left $287,000 sitting in a Victorian ANZ bank account. The TAB has handed more than $51 million in unclaimed winnings to State Trustees since 1997, including $10 million last financial year.

Rowan Martin from TAB explains that bets usually placed during the spring carnival and generally they are a small punter betting a small amount of money forgetting about the ticket.

On the national scale over $7.3 billion lies unclaimed in 4.6 million superannuation accounts held in trust by the Australian Tax Office (AT0). Few accounts each contain more than $1 million; more than 135,000 accounts have balances of more than $10,000, and 1.9 million are worth less than $200.

 
 
 
 
 
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