Forty-one Australians know what it’s like to be Set for Life, and according to them, it’s about more than just the $20,000 a month for 20 years prize money — it’s a life-changing shift in mindset that opens up a whole new world of possibility.
Today, Set for Life celebrates three fantastic years of delivering $20k on replay to First Prize winners! To date, a total of 41 First Prize winners have received $13,680,000 in prize money, with a further $183,120,000 to be paid to these winners during the next 17 to 20 years. That’s the beauty of Set for Life!
To help celebrate Set for Life’s birthday, Australia’s official lotteries, the Lott, has revealed what life is really like for Set for Life First Prize winners when their bank balance balloons by $20k each month!
Set for Life spokesperson Ally Ramsamy said while each First Prize winner was unique, all enjoyed freedom from financial stress and being able to plan their lives around receiving 20 years of prize payments.
“What’s great about Set for Life is that it enables our winners to really plan for the future – as they are secure in the knowledge they will receive $20,000 a month for 20 years,” she explained.
“While most Aussies dream of winning the lottery and living a no-limits lifestyle, our Set for Life winners are more conservative about what to do with their win.
“Our research has revealed that our Set for Life winners love to travel, both domestically and internationally – with Australia, the UK and America being some of the most popular destinations of choice.
“Aside from travel, paying off the mortgage, buying investment properties and renovating the family home are common ways our Set for Life winners spend their monthly prize money.
“While Set for Life allows our winners to spoil themselves, the majority of our winners take the opportunity to share their prize with family members, friends and a range of charitable organisations.”
“My husband and I worked hard and we were both on a very low wage. I prayed that one day I could go to Hawaii for my 50th, do renovations, get an investment property for our kids, buy a new car, pay off our mortgage, and help my parents and family out. And my prayers were answered with winning, as we have done all this and more since 2015!” - VIC winner.
“Many winners spoke of the benefits of the prize being paid in instalments and how it has allowed them to be sensible with their prize and plan ahead,” Miss Ramsamy said.
“Winning Set for Life ultimately means they can do the things they have always wanted to do. It has changed their lives in the best way, but it hasn’t changed them personally.”
“I just think this is the best lottery prize that you could possibly win - being paid monthly is just fantastic. Our lives have changed enormously, but we still feel like we are the same people. Thank you, thank you.” - QLD winner
Some Set for Life winners also revealed they have special rituals on the 15th of every month – the day they receive their monthly instalment of $20,000.
“Unlike other lottery games where winners receive their prize as a lump sum, Set for Life winners receive their prize in instalments of $20,000 a month for 20 years,” Miss Ramsamy said.
“This means that our winners replay that ‘yay moment’ 240 times!
“Many winners revealed they feel grateful, blessed and relieved when they see their monthly instalment in their account each month – it feels like pay day for them.”
“Every month I have a little "woohoo" moment - still can't really believe it until that money lands in my account every month - it's awesome!” - QLD winner
