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$1.3 Billion Dollars Left Unclaimed from Florida Lottery

#publicschool#unclaimed#billion#lottery#ticket
the transcript auto-captions · entered into evidence

0:00 [Music] have you ever wondered what happens when somebody wins the lotto and they don't realize they won so they never check and the ticket just kind of sits there I thought the state just swallows up all the money they do in a way how long do you have until you can collect and it's expire isn't it also multiple winners usually sometimes the split just gets to the people that claim it yeah sometimes it is but in this case um it depends if it's Powerball I think you have let's say 180 days oh that's cool if it's like jackpot I think you have three I think you have like 300 something well they at least know where they sold the ticket though yeah they they know that there's a winning ticket out there because the data shows oh somebody at this 7-Eleven in this town bought it on this day in time but if they don't bring it then

0:52 it's just gone were you supposed to bring it you're supposed to come in and and claim the win any to the store or I think there's lot shop a lot there's like a lotto shop on the way into Vegas you see that off the 15 I missed gambling so much play Auto today you want you want to get some tickets let's get some scratchers well we we play We Sports BET right but my rule is isn't that gambling no okay but here's my rule okay ever since I lost 1.6 on Luna I said I'm not going to gamble and play with money this way until I have a my bank account so it might be forever I stopped all right well hopefully that's soon so what happened here is that at the Florida Lottery somebody won the $36 million prize and they were the only

1:42 winner they didn't uh they didn't show up and they've been counting the days and it just expired 180 days have passed so they never came forward it's officially gone so in Florida what happens is that the money 80% of that total is going to go to the education enhan M trust fund which is basically the public school system fck is that D booing that is hilarious boo you want the one winner who might be a crackhead give it to that guy ruin their life yeah so um and that's going to go to help Public Schools it'll get it'll fund grants right scholarship you know that's a ████ racket they're going to be like we need new chairs otherwise the money's not coming president of that fund yeah the other 20% goes straight back into the lottery like like we were thinking and uh in

2:32 California all the prize money that gets un goes into the public school system into gav F we feel that yeah bro we ain't getting it but since the lottery started uh 40 years ago uh over a billion dollars have been unclaimed in returned to the system wow over a billion I heard the lotto is actually really great for the state like how much it generates yeah it's on top of re tax revenue you know but it's pretty crazy we're still in a deficit yeah it's pretty crazy that that much money has gone into the public school system in that way but yeah it doesn't maybe doesn't feel like it but here's an interesting fact in 2022 in Illinois a person has the record for the most unclaimed money what from a ticket what do you think it was What's the total you think wait multiple tickets or just one ticket that had a big amount like2 200

3:24 million M way way more way more this guy's ████ dude better not be more than 600 this guy never showed up it's just unclaimed is he dead maybe he died I hope he is they don't know cuz there's no you know like with lotto tickets you you have to buy them in cash right yeah so you can't there's no record of like who so maybe he just ████ bought it and forgot got drunk and lost a ticket abely yeah because if you buy I mean anyone who's buying a ticket usually you're checking the numbers you know like that's the type of person that's especially if it's more than half a billion dollars what do you think what do you think the amount is $675 it's more than than that 1 billion di he for sure died or was drunk and forgot it or lost it more than 1 billion yeah 2 billion how the ████ can you have more than 1 billion two but it's 1.337 billion that's so crazy this person

4:14 holds the record he doesn't deserve it dude you don't claim it you ████ up you don't deserve it I hope he's watching this show right now do you guys remember the guy in California well actually like Pasadena who won like 1.5 Bill oh yeah never happened to him so he's like his older cat they released they found his name one of my my clients lives right next door to him ████ and she says they moved in like probably around the time where he won and then now he has like just 24/7 armed security guards just storming the whole propert wow he doesn't move out no he they bought the house they moved in they moved into that neighborhood and they just have crazy armed security guards and it just so unlike the rest of the neighborhood and it's like a very nice walk why don't they just move to a better gated community to community or something maybe they want to be in their own hood it's like very Posh they have a country country club up there it's like oh so

5:04 it's in a good neighborhood like deep in there San Marino wow kind of like the north version of that yeah but it's like armed secure guards walking around the whole time I be i' be entering stupid Raffles and sweep staks online and all those you do the you know the the car joints yeah yeah I be entering those things Resto mods or whatever and 50,000 in cash such a ████ waste dude all the time you have to buy like merch in order to get more points for the ticket have you seen that those omaz ones were good though yeah they're kind of yeah that's one yeah I mean you could justify gambling by saying you're contributing to the school systems here that's probably how they why they structured it like that definitely so do you think there's a better use for unclaimed lottery money does any do you any of you guys have a better idea let's say you're mayor or or Governor like what would you change for

5:56 where this money goes it's tough because the system that we have already sucks yeah you know what I mean so it's like if if it's like if Gavin Nome is already really good at losing money then why are we giving him more money well let's say you don't have to put it back into the actual like public sector like where would you put it at all I would put it into research that can help like whether it's education or technology or something that can help Society I would like so for example right like the a lot of the research the reason why it is the way it is because it's only private companies paying them for marketing or the government so like there's only two ways that scientists could work so if they wanted to do something like let's

6:46 say find a cure for cancer that isn't profitable but like let's say they figured out oh if you you sleep 10 hours a day you'll cure it or some ████ like that that doesn't cost anything nobody would fund it so that's where I would say say maybe you can fund projects where they're it's benefiting Society in the long run but also it's not tainted by uh company or yeah whatever I I think the public school system the way it done is is pretty good but I think it's also because like the least amount of people in that state can complain about that outcome that's true you know what I mean even if there's a more ideal it's like you end up meeting to make the choice that the most amount of people participating can't complain about the outcome you know what about

7:36 everyone just gets a Happy Meal that day that's cool free tacos you pay McDonald's yo someone didn't whatever go to nearest McDonald's everyone gets to get a free Happy Meal still people are trying to boycott McDonald's right now you know what I mean stupid I know but I'm just saying like M doll's delicious I don't think that's the debate they're having though yeah maybe like if your ████ state is in a debt it goes straight to the debt because that debt also is probably happening cuz you have to budget out money that goes to the public school sector you know what I'm saying that is the debt makes sense go to the debt specifically but then that also is probably just going to line politicians Pockets anyway so like what great answer is there for what you know about like uh public schooling um I guess the funds that are allocated to it is 1.3 billion a lot of money n it's not

8:26 right not even close not think about how many ████ public schools are in this state that's what I figur it was like the LA District you're saying you're saying 1.3 billion over 40 years like oh no this is what didn't get claimed that year from that one guy all from like that one state yeah of course that's a lot for that one moment but you said even in California since like the ████ 40 years ago we've only gotten a billion dollar in unclaimed ████ right that's ████ nothing yeah in terms of like how much money they need to operate like like $800 a school and what is that really going to do it's like what you get two ply toilet paper now like what does that that a pencil a pencil for every 80 students yeah it takes a lot of money for that cuz like I think when you just look at this kind of like if you shotgun look at it you're like what the public school syst got a billion dollars like

9:18 at Burning money it would be sick if like we saw uh uh this was like an actual you know science experiment for us in a sense it's like all the schools in that state suddenly all the teachers get like a 200% pay increase and then suddenly the the national average high scores for those students is like they're at the peak then you're like okay I think that there's something at fault here you know what Ian maybe we need to pay our teachers more it' be dope if we could see some sort of like cause and effect but a competitive thing right the higher you get the score the money oh that's how it works right schools get more money results performance the standard that be tied if teachers just got a direct bonus even if it's small every teacher gets 200 bucks because someone then like something that you feel a direct hit rather than it's going through the system and then by the time it reaches anything it's like pennies yeah I wonder if there's a way

10:09 to um punish those that mismanage funds I wish there was there's never going to be a way there's always I think when you work for the government you don't get punished for laziness you don't get punished for incompetence people that mismanage funds and overspend and maybe hook up their homies with a Contracting like contract and all that stuff and let's say like you're siphoning money from the people there's no like you don't you don't get fired you don't lose your job your job's protected they put people in positions that already proven that they ████ up their own like like District by spending too much they don't know how to control it I mean people that are mismanaging money are probably also in charge of the punishment that's what I'm saying yeah exactly like it costs money to investigate them and then those guys could also there's always going to be have to be somebody you trust you know even at one point huh

11:00 yeah at one point like I trust my accountant but he could be stealing money from me I wouldn't even know true unless you really want to do the work and like look at everything and I don't you know right you'd rather pay another guy who can screw you to do that that's why you hire three accounts and you make them fight against each other checks and balances yeah but who would have thought that's pretty crazy that that money goes into public school I never knew that I never even thought about what happens when they don't I think they actually started it to do that that is correct that's the whole point of the lottery the loty was made to like for public school system isn't that crazy kind of dope teachers do deserve to get paid more though theya need to be imagine teaching like hundreds of kids every day a bunch teaching a bunch of people who don't want to learn yeah it's crazy right imagine it was like the highest paying job too so that means it was so

11:51 competitive to become a teacher which means you had to ████ try so hard to get you know your class at a certain level should be prosecuted to the full extent of the law for sure death penalty for being s█████

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