Labour leader calls for a more ‘timely and transparent’ practice with regard to winners

Labour leader Ivana Bacik said it is 'plain to see that a large number of people could be missing out'. Photo: Niall Carson/PA

Labour leader Ivana Bacik said it is ‘plain to see that a large number of people could be missing out’. Photo: Niall Carson/PA

More than €5.3m in unclaimed winnings are sitting indefinitely in state prize bonds.

Unclaimed prizes are held until the bondholder comes forward, but at least 50pc of unclaimed prize bonds are held by people who have died.