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Every month, savers have the chance to win big prizes as the Premium Bonds winning numbers are announced. There are now 24 million people taking part in the government-backed savings scheme, with ...
The winner holds £50,000 in premium bonds and purchased their winning bond in July 2014. They are the ninth millionaire from Suffolk. For the October 2022 draw, NS&I paid out almost 5 million ...
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.
The individual bonds within each issue are numbered, like ordinary bonds, but the serial numbers serve a different function from ordinary bonds. For a lottery bond the serial number is an added incentive for the purchaser to buy the bond. Although the details vary by bond and by issuer, the principle remains the same. A drawing takes place ...
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A lottery machine is the machine used to draw the winning numbers for a lottery. Early lotteries were done by drawing numbers, or winning tickets, from a container. In the UK, numbers of winning Premium Bonds (which were not strictly a lottery, but very similar in approach) were generated by an electronic machine called ERNIE.
Originally bonds could be purchased as in units of five Irish pounds, with a minimum purchase of £10. Today the unit price is 6.25 Euros (equivalent to IR£4.92 at the final fixed exchange rate) and a minimum purchase of €25 is required. In September 2009 the Prize Bond fund exceeded €1bn for the first time. [3]
Here's the difference between choosing your own lotto numbers versus using a random number generator.