A NICE LITTLE EARNER
New lotto game pays out £10k a month for 30yrs
THE Lottery’s latest game gives winners the chance to pocket £10,000 a month for 30 years – tax free.
NATIONAL Lottery bosses have launched a new game giving winners the chance to pocket £10,000 a month for 30 years – tax free.
Set For Life players need to match five numbers and one Life Ball for £1.50 a go.
Operator Camelot said it was the first pension-style drawbased game they had introduced in the UK – they have proved popular overseas.
A spokesman said: “It appeals to a different kind of player. There are a good number of people who like the stability of regular monthly payments.
“They could really relate it to their bucket list of experiences they have. They could also relate it to their salaries.
“They could see how it could upgrade their current lifestyle.”
The top prize payments will not be adjusted for inflation over time but would remain a fixed sum, Camelot said.
Set For Life players will choose five numbers from one to 47 and a Life Ball from one to 10, with prizes from £5 for matching two numbers.
Online draws will be held twice a week, every Monday and Thursday.
They will not be televised but can be viewed on the National Lottery website.
Major winners would be provided with individual legal and financial advice, including on what would happen if they died before the 30 years were up. The remaining value would go into the estate of the winner, said the spokesman.
Launching the new game coincides with the 25th anniversary of the lottery’s foundation but it will still offer huge jackpots.
Earlier this month, Frances and Patrick Connolly from Northern Ireland were revealed as the winners of a £115million EuroMillions win.