Belmont Stakes spokesman John Durso Jr. told ESPN.com that there were 94,128 $2 American Pharoah to win tickets purchased at the track at Belmont Park and Aqueduct Racetrack, both of which are controlled by the New York Racing Association. But after the horse won the Triple Crown, 90,237 of the $2 tickets, which are worth $3.50, went uncashed.
Some undoubtedly put the betting slip back in their pocket. Others posted it on eBay, where uncashed tickets have been selling mostly in the $20 to $30 range. On the auction site, one seller is selling a lot of 500 uncashed tickets, while another is selling 150.
Should a bettor want to cash his or her ticket, the deadline is March 31, 2016. After that, the money is pooled and goes back to New York State.
The uncashed tickets don't include anything other than $2 tickets and don't include bets placed by regular bettors on NYRA Rewards, where payment is immediately made.
With a convincing win in the Belmont, American Pharoah became the first Triple Crown winner since Affirmed did it in 1978.
Bettors holding on to American Pharoah winning ticket
ESPN sports business reporter Darren Rovell discusses why some bettors are not cashing their ticket for American Pharoah's Belmont win.
Merchandising American Pharoah
Darren Rovell discusses the multitude of ways people are cashing in on the first Triple Crown winner in 37 years.