Whether you’re looking to retire early or buy your dream home, you can use this epic sum of money to make your dreams come true. Unlike other national lottery games, Set for Life offers a daily draw rather than a weekly one. Each ticket gives you an entry into seven consecutive daily draws.
Division 1
Set for Life is Australia’s newest lottery game and offers eight different prize tiers, including two annuity prizes. The top prize is a tax-free monthly payment of $20,000 per month for 20 years, and there are also lump sum payments available in the Divisions 3-8. The odds of winning the top prize (Division 1) are 1 in 38,320,568. In order to win, players must match 7 of the 9 main numbers and 2 supplementary numbers in a single game panel.
To play, simply purchase a standard Set for Life ticket in-store or online. Select your own numbers or choose to have them randomly generated for you with a QuickPick entry. You can play up to 4 games with a Marked entry.
While you can play Set for Life every night of the week, research has found that certain nights have a better track record than others when it comes to crowning division one winners. For example, Sundays have crowned the most division one winners since the game launched in 2015, while Mondays and Thursdays have seen the least amount of winners over that period (Table 1).
Division 2
Since its launch in August 2015, Set for Life has created 131 winners. These lucky players have won a total of $101,580,000 in prize money. You can find out more about these winners on the Winners page. The top prize on Set for Life is a fixed sum of PS10,000 every month for 30 years. To win this top prize, you need to match all seven winning numbers in a single game.
You can buy a Set for Life ticket in-store or online. To play, simply choose your seven numbers from 1 to 44 or let the system select them for you with QuickPick. The draw is held at 9pm AEST each night and Set for Life Results are available shortly afterwards. There are eight prize divisions in total, and the top prize of $20,000 a month for 20 years can be shared by four winners (if more than one person wins Division 1, they will receive a lump sum equal to $20,000 a month for 20 years).
Prizes
The Set for Life lottery game offers eight different prize tiers, including two annuity prizes. The top prize, which can be won by matching five numbers plus the Life Ball or five numbers alone, pays out PS10,000 every month for 30 years. The second top prize is paid monthly for one year.
There are no known double Set for Life winners to date, although there is a possibility that it could happen in the future. If a winner dies before receiving all of their Set for Life winnings, the remaining amount will be paid to their estate.
Set for Life is a daily lottery game that launched in 2019 and is available to play online or in store with Oz Lotteries. Its unique Division 1 prize of $20,000 a month for 20 years and its Division 2 prize of $5,000 a month for a year are both paid as annuities, while the prizes in divisions 3-8 act more like traditional lotto games with one-off lump sum payments.
Taxes
Set for Life is an annuity lottery, meaning its top prizes are paid out in annuities rather than a lump sum. This means that if you win the top prize, you will receive payments of PS10,000 a month for 30 years. These payments will continue until the winner dies or they decide to stop. They are also tax free, although you may be liable for any interest that accrues while the annuity payments are being made.
You can play Set for Life by choosing your five main numbers from 1 to 47 and one Life Ball number from 1 to 10. You can also opt for a Lucky Dip option to pick random numbers. Draws take place every Monday and Thursday. The results for each draw will be published on this page straight after the lottery takes place. Check back often to see if you have won! You can also find out more about the game by reading our Set for Life FAQs.
What’s Next?
Currently, this lottery game isn’t available through the most prominent online ticket-buying agents. However, it’s a relatively new game so chances are that it will eventually be added to the list. Trench is blunt about the reality of building wealth in America and encourages readers to eliminate bad habits on their path to financial freedom. He advocates investing in low-cost index funds and real estate investing.
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