Unclaimed $1.5B jackpot could put hole in SC budget

News
money generic_68081

COLUMBIA, S.C. (AP) – The winner of a $1.537 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 money could pay for new voting machines or a police officer in every South Carolina public school.

But with the prize unclaimed, the state Board of Economic Advisors is expected Thursday to suggest removing 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.

The winner has until mid-April to claim the prize or it is returned to the 44 states that play Mega Millions.

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trending Stories

Home for the Holidays
Turkey Day Giveaway
Color Your Weather
Dollywood Ticket Giveaway
Pro Football Challenge
wspa news app free for download choose your store below
download the wspa news app from the apple app store
download the wspa news app from the google play store