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Premium Bonds is a lottery bond scheme organised by the United Kingdom government since 1956. At present it is managed by the government's National Savings and Investments agency. The principle behind Premium Bonds is that rather than the stake being gambled, as in a usual lottery , it is the interest on the bonds that is distributed by a lottery.
There are many premium bond winners every month, but the actual chance of winning remains fairly low. Most people will never win a prize, meaning their investment will stay the same.
Georgia 5 is drawn twice daily; it has a top prize of $10,000. It was introduced on August 1, 2010. Georgia Five is different from most pick-3 and pick-4 games; players do not choose straight, box, or similar wagers. The top prize is won by matching all five numbers in exact order; a player wins by matching at least the first or last digit.
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Lottery games with "lifetime" prizes, known by names such as Cash4Life, Lucky for Life, and Win for Life, comprise two types of United States lottery games in which the top prize is advertised as a lifetime annuity; unlike annuities with a fixed period (such as 25 years), lifetime annuities often pay (sometimes for decades) until the winner's death.
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Most lotteries use mechanical lottery machines. These are more interesting to watch, and more transparent, both literally and figuratively: the audience can see exactly how the internal workings of the machine operate, and they can watch the balls come out of the machine; generally, the balls are visible during the entire draw.