Did your loved one hit the jackpot when they died and not collect? It’s possible, but what can you do about it?
Here’s how to tackle the major sites to recover the proceeds for the loved one’s estate.
The first step is obviously to find out which betting companies they held an account with. Ideally they will have recorded this in their register of their interests.
The terms applying to accounts on death for some of the major companies are listed below:
Betfair: funds are held in a trust as described here. According to MyDigitalExecutor, no specific policy exists for dealing with such accounts, but assets will be reduced if an account is left inactive for more than 12 months. There’s also an article on their forum addressing this question.