$2.3 million goes unclaimed at Kentucky race tracks

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As the fall meet begins at Keeneland, the track is trying to find the owners of thousands of dollars in unclaimed winnings.

Track officials say $700,000 went unclaimed over the last year, and time is running out on cashing in a winning ticket.

It appears some winners at the race track are still losing out. Kentucky horse racing officials say it's not uncommon to have $2 million go unclaimed annually.

The money, according to Greg Lamb with the Horse Racing Commission, goes to the Health and Welfare Fund if the winning tickets expire. He says winning tickets are good for up to one year.

"It's a charitable foundation," says Lamb of the fund. "It pays for medical, dental, and funeral expenses that aren't covered by normal insurance."

Lamb says the Health and Welfare Fund is used by backstretch employees and workers in the horse racing industry.