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Numbers are entered in the draw each month, with an equal chance of winning, until the bond is cashed. As of 2015, each person may own bonds up to £50,000. [4] Since 1 February 2019, the minimum purchase amount for Premium Bonds has been £25. As of January 2025 there are over 128.7 billion eligible Premium Bonds, each having a value of £1.
All prizes are tax free and, with approximately 84 billion bonds issued, the chances of any one bond winning a prize for a given month are approximately 24500 to 1. However, if a bond wins a prize, that bond is not redeemed but remains 'in the pool' for all forthcoming draws (at least until the bond-holder decides to redeem it.).
Scottish Highlands and Wandsworth have new millionaires this month.
The chance of winning can be demonstrated as follows: The first number drawn has a 1 in 49 chance of matching. When the draw comes to the second number, there are now only 48 balls left in the bag, because the balls are drawn without replacement. So there is now a 1 in 48 chance of predicting this number.
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Lotteries serve two main purposes. First, they raise money for schools, state budgets and gambling addiction programs. Second, they fuel excitement among players, who dream of winning life-changing...
As with scratchcards, there are a wide variety of Instant Win games available with different odds of winning prizes. The cost to play varies from 25p to £5. The current highest prize is £1 million on a £5 game. Odds of winning a top prize vary on each Instant Win game, and may be higher or lower than their scratchcard counterpart.
For premium support please call: 800-290-4726 more ways to reach us. Mail. ... For example, a local state lottery game may have better odds of winning a prize than the Powerball. For example, All ...