H1B LotteryFiling Period for H1B Petitions starting from April 1st 2013 for Fisical Year 2014 cap. USCIS is expecting more than 65000 cap-subject H1B applications and more than 20,000 petitions filed in Masters Quota between April 1st and 5th.
This is the first time after 2008, USCIS expecting more number of applications. Booming US Economy is causing this.
H1B Documents Checklist FY 2014 >>>
If USCIS exceeds more number of application H1B Cap requires Lottery. Initially, Masters cap will be conducted Lottery. 20,000 students will be picked in the lottery. Remaining petitions will be added to the lottery of Regular H1B cap of 65,000. So, Masters students have advantage of participating in lottery of both Caps.
H1B fee refund after the Lottery - USCIS will not deduct check from the petitions which are not selected in the lottery. So, No worries about H1b fee.
H1B Visa 2014 Cap Count, Quota, News by USCIS>>>