(a) Unclaimed prize money for the prize on a winning ticket or share shall be retained by the Director for the person entitled thereto for six months after the drawing in which the prize was won. If no claim is made for said money within six months, the prize money shall be retained by the Virgin Islands Lottery, apportioned as accrued revenue and shall be used for payment of future prizes.
(b) Prizes for winning tickets alleged to be lost or stolen may be redeemed by the lawful owner if such owner submits a claim therefor within six (6) months of the drawing in which the prizes were won. The claimant shall file an affidavit with the Director alleging the number(s) of the ticket(s) and the quantity of the ticket(s) lost or stolen, the name of the dealer from whom purchased and all other relevant factors as the Director may by regulation prescribe.