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A Prize Bond is a lottery bond, a non-interest bearing security issued on behalf of the Irish Minister for Finance by the Prize Bond Company DAC. Funds raised are used to offset government borrowing and are refundable to the bond owner on demand. Interest is returned to bond owners via prizes which are distributed by random selection of bonds.
Odds of winning exactly this amount with a £1 bond Odds of winning at least this amount with a £1 bond Higher value 10% of the prize fund: £1,000,000 2 1 in 64.36 billion 1 in 64.36 billion £100,000 82 1 in 1.57 billion 1 in 1.53 billion £50,000 163 1 in 789,737,809 1 in 521,163,007 £25,000 328 1 in 392,461,168 1 in 223,873,500 £10,000 818
The prize fund is paid for out of the equivalent interest payable on the entire bond pool for that month. As of 2020 the prize fund rate is 4.65% [5] implying that a bond holder can expect to achieve a mean long term return of 4.65% per annum. In reality, the nature of a lottery bond means that median returns are lower and are increasing in the ...
The Dáil loans were bonds issued in 1919–1921 by the Dáil (parliament) of the self-proclaimed Irish Republic to raise the Dáil funds or Republican funds, used to fund the state apparatus the Republic was attempting to establish in opposition to the Dublin Castle administration of the internationally recognised United Kingdom of Great Britain and Ireland.
The financial markets concluded that Ireland could not support the cost of the banks as well as NAMA, and run a budget deficit, and they sold Irish bonds at the time of the renewal of the two-year state bank guarantee in September 2010, causing yields to rise. It became impossible for the government itself to borrow from the bond markets.
An annuity prize may be paid only to an individual, not to a syndicate; if an annuity winner dies before the payment period concludes, the remaining outstanding amount will be paid as a lump sum to his or her estate. [88] The odds of winning the EuroDreams top prize are 1 in 19,191,900. [89]
The sweepstake was established to raise funding for hospitals in Ireland. A significant amount of the funds were raised in the United Kingdom and United States, often among the emigrant Irish. Potentially winning tickets were drawn from rotating drums, usually by nurses in uniform.
In the United States, a sweepstake is a type of contest where a prize or prizes may be awarded to a winner or winners. [1] Sweepstakes began as a form of lottery that were tied to products sold. [2] In response, the FCC and FTC refined U.S. broadcasting laws (creating the anti-lottery laws). [3]