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Unclaimed $1.5B prize: South Carolina could be big loser too

3 years 7 months 2 weeks ago Thursday, February 14 2019 Feb 14, 2019 February 14, 2019 1:53 PM February 14, 2019 in News - AP National

By JEFFREY COLLINS
Associated Press

COLUMBIA, S.C. (AP) - The winner of a $1.54 billion lottery jackpot in South Carolina has yet to come forward. That means the state of South Carolina might be a big loser too.

Economic officials estimated the winner would pay $61 million in state income taxes, and put that money into the budget. That much could pay for new voting machines or a police officer in every South Carolina public school.

With the prize unclaimed, the state Board of Economic Advisors on Thursday removed the $61 million windfall from the state spending plan. That's more than 0.5 percent of South Carolina's $9 billion budget in lawmakers' control and put growth forecasts on a razor-thin margin.

The winner has until April 19 to claim the prize before it's returned to the 44 Mega Millions states.

Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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