Lotteries with Lifetime Prizes: Which Ones Exist Around the World?

Winning the lottery is a life-changing event, but what if instead of a lump sum, you could receive payments for life? Several lotteries around the world offer this unique prize structure, ensuring winners enjoy financial stability for decades. Let’s compare some of the most famous lifetime prizes in lotteries worldwide.

Lotteries with Lifetime Prizes

Lucky for Life (USA) One of the most well-known lifetime lotteries is Lucky for Life, played in multiple U.S. states. The grand prize guarantees $1,000 per day for life, while the second prize offers $25,000 per year for life. Drawings take place every night, increasing players’ chances to win.

Set for Life (UK and Australia) Both the UK and Australia have their own versions of Set for Life. In the UK, the top prize provides winners with £10,000 every month for 30 years, while the second-tier prize offers £10,000 per month for one year. Australia’s Set for Life offers AU$20,000 per month for 20 years as the grand prize, with a secondary prize of AU$5,000 per month for a year.

Cash4Life (USA and Canada) Similar to Lucky for Life, Cash4Life is available in various U.S. states and some Canadian provinces. Winners of the top prize receive $1,000 per day for life, while second-tier winners get $1,000 per week for life. Draws are held daily, making it a popular alternative to traditional jackpot-based lotteries.

Eurodreams (Europe) In eight European countries, this lottery is held every Monday and Thursday. The first prize is €20,000 per month for thirty years (approximately $21,600 per month), and the second prize is €2,000 per month for five years (approximately $2,160 per month). 

Are Lifetime Lotteries Worth It?

These lotteries offer the appeal of long-term financial support, reducing the risk of overspending often seen with lump-sum winnings. However, it’s important to consider factors such as inflation, taxation, and payout duration. Some players may prefer lump sums to invest or use for immediate financial needs.

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