Radical overhaul for lotto
THE National Lottery in the UK is to introduce a game where winners are given a guaranteed income.
The draw, which is expected to launch early next year, will pay winners a monthly taxfree sum for at least 25 years, offering financial stability for life.
Camelot, the firm which runs the lottery, has not confirmed how this will work, but it is thought there could be a series of winners collecting regular payments ranging from £1 000 (R19 445) to £10 000.
And from November, the main Lotto draw will have the maximum number of roll-overs reduced to create more winners of life-changing sums while reducing the number of megajackpots. For example, a player who matches five balls and the bonus ball – one ball away from the jackpot – will get at least £1 million under a new system of improved minimum payouts.
The prize for this at present is an estimated £50 000.
The moves come as part of a radical overhaul of the National Lottery to ensure more people get a share of the prize pots.
And it appears to be a response to a backlash from players, who rebelled over changes in 2015 when the number of balls was increased from 49 to 59. This reduced the chance of winning the jackpot from one in 14 million to one in 59 million.
Subsequently, sales of the main draw Lotto tickets fell away, dropping by £10m a week at one stage.
The Euromillions will also change. It will still offer huge roll-overs, but next year it is scheduled to add special draws to increase the number of UK millionaires it creates each year from 10 to about 30. – Daily Mail