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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.
NS&I attracts savers through offering savings products with tax-free elements on some products, and a 100% guarantee from HM Treasury on all deposits. As of 2017, approximately 9% of the government's debt is met by funds raised through NS&I, [4] around half of which is from the Premium Bond offering.
Lottery bonds are usually issued in a period where investor zeal is low and the government may see an issue failing to sell. By knowing ahead of time when the coupons will be paid and how many bonds will be redeemed at the original value and at the lottery value, the issuer can value the bond accurately and know ahead of time the cost of the borrowing.
The bond terms are typically 2, 3 or 5 years. The returns are linked to Retail Price Index (RPI) with a tiny added interest rate on top. The Bonds can no only be cashed in at maturity. Index-linked Savings Certificates are free from UK income tax making them relatively attractive to tax-payers, particularly higher rate tax-payers. They are ...
Most U.S. pick-5 games now have a progressive jackpot, even in games that are drawn daily; in unusual cases, a single ticket has won a cash prize in excess of $1 million cash. A common top prize in non-jackpot pick-5 games is $100,000(In the lists below, games with a jackpot do not have a minimum jackpot listed.).
The 400,000 tickets issued cost 10 shillings (£0.50) each (roughly three weeks of wages for ordinary citizens), with the grand prize worth roughly £5,000. [4] This lottery was designed to raise money for the "reparation of the havens and strength of the Realme, and towardes such other publique good workes", including the rebuilding of ports ...
A number of countries conduct games designated national lottery (in the singular), or national lotteries (in the plural), see Countries with a national lottery; National lottery may also refer to: The National Lottery Awards, Annual awards issued to National Lottery Good Causes projects in the United Kingdom
The first number was drawn between 1-99 and as each number was drawn, it would be removed from the set and not drawn again. £10 was won for matching the first number. The second number was drawn between 1-20 and matching the first two numbers won £50. The third number was drawn between 21-50 and matching the first three numbers won £1,000.