Just the ticket? Lottery offers £10k a month for 30 years

A NEW National Lottery game designed to appeal to young adults will launch in March – paying winners £10,000 a month for 0 years.

The so-called annuity prize would be the equivalent of earning £206,000 a year before tax and put the winner in the top 5 per cent of richest UK households.

The Set For Life game is designed to appeal to young adults who will expect to be alive long enough to collect the full value of the prize – £ .6million.

Tickets cost £1.50 and there will be two draws a week, on a Monday and Thursday. Players pick five main numbers from one to 47 and a ‘Life Ball’ from one to ten, with a range of prize tiers. The tax-free jackpot prize is won by matching all five numbers plus the Life Ball. There is not a rollover if there is no winner.

A second prize of £10,000 a month for 12 months is awarded for getting five numbers but not the Life Ball.

Lotto company Camelot said the jackpot pay-out would be reduced in the unlikely event of there being more than five winners in one draw.

Chief executive Nigel Railton said: ‘Annuity games appeal to people who like the idea of winning a prize paid out in regular instalments over the long term, and are successful in other countries. We think Set For Life will be just as popular in the UK.’