10 January 20

More winners, new prizes: Set for Life unveils game changes

SNAPSHOT
  • Australian lottery game Set for Life has unveiled new game changes aimed at delivering more winners in every draw and a new fixed annuity prize for division two winners.
  • Set for Life is unique as it is the only lottery game to offer division one winners a fixed annuity prize of $20,000 a month for 20 years (for up to four winners in each draw).
  • From Set for Life draw 1691 on Monday 23 March 2020, the game’s division two winners will also receive a fixed annuity prize - $5,000 a month for a year (for up to four winners in every draw).

By Ally Ramsamy

Updated 13 January 2020 - 2:26 pm,

first published at 10 January 2020 - 9:22 am

Australian lottery game Set for Life has unveiled new game changes aimed at delivering more winners in every draw and a new fixed annuity prize for division two winners.

Set for Life is unique as it is the only lottery game to offer division one winners a fixed annuity prize of $20,000 a month for 20 years (for up to four winners in each draw).

From Set for Life draw 1691 on Monday 23 March 2020, the game’s division two winners will also receive a fixed annuity prize - $5,000 a month for a year (for up to four winners in every draw).

Since the game began in 2015, there have been 55 Set for Life division one winners across Australia who collectively won $264 million.

Other proposed changes to the game (Table 1), subject to regulatory approval, aim to deliver more overall winners in every draw by improving the chances of winning any prize.

Table 1: Summary of proposed changes to Set for Life draw 1691 from 23 March 2020

Changes Currently From 23 March 2020*
Change to the numbers drawn 8 winning numbers + 2 supplementary numbers drawn from 37 7 winning numbers + 2 supplementary numbers drawn from 44
Change to division two prize Variable prize dependant on draw’s prize pool Fixed annuity prize of $5,000 a month for a year (for up to four winners in every draw)
Change to chances of winning division one with a single game 1-in-38,608,020 1-in-38,320,568
Change to the winning combinations for each division Match required for minimum win: 4 numbers + 1 supplementary number for division eight Match required for minimum win: 3 numbers + 1 supplementary number for division eight
Increase in price per game Additional 5 cents per game per draw
Change to the chances of winning any prize with a single game 1-in-59 1-in-50

*subject to regulatory approval

The Lott spokesperson Matt Hart said the Set for Life game changes were based on customer research and enhanced Australia’s newest lottery game.

“Since it was first introduced almost five years ago, Set for Life has captured the imagination of Aussies dreaming of receiving a hefty $20,000 addition to their bank account every month for twenty years,” he said.

“Players told us they loved how Set for Life’s division one prize was paid in instalments over time and wanted to see this concept of a fixed annuity prize expanded.

“After 23 March, new division two winners can look forward to $5K coming their way every month for a year – that’s 12 months of enjoying that winning feeling.”

Mr Hart said he the new game changes should deliver more winners in every draw.

“We’re always looking to improve our lottery games using the feedback from our players, and these changes add exciting new dimension to Set for Life,” he said.

“By tweaking the game matrix, the chances of winning any prize has increased from 1-in-59 to 1-in-50, while the chances of winning division one has also improved.

“With these exciting changes due to arrive in about 10 weeks, Multi-week and Advance entries that include draws on or after Monday 23 March 2020 will not be available for purchase until closer to the time.”

In 2019, there were 11 Set for Life First Prize winners across Australia who will receive $52.8 million during the next 20 years. As at 31 December 2019, $29.64 million in monthly payments of $20,000 had been paid to the 54 Set for Life First Prize winners across Australia.

For your chance to be Set for Life, purchase an entry at one of our official lotteries outlets, online at thelott.com or via theLott app.

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