Set For Life is a lottery game wherein you have a chance of winning the jackpot. A random draw will choose 7 main numbers and two supplementary numbers that are between one and 44. In order to win the prize in Division 1, you need to match all 7 main numbers, while in Division 8, you need to match at least 3 main numbers. The odds of winning are one to 38,320,568 in Division 1, and one to 80 in Division 8.
The Set for Life lottery game is not open to overseas players. It was launched in February 2015 and its first draw took place on August 7, 2015. It is administered by the Tatts Group, which administers lottery games in all states of Australia, with the exception of Western Australia. For the draw to take place, you must have a valid Australian lottery ticket.
The Set For Life odds are different from lotto games because the prize is paid out over several years, rather than in a lump sum. In addition, the amount of the top prize is fixed, while the second prize is an annuity. The value of the annuity prizes may also be capped. The Set For Life prize funding will come from ticket sales, and will depend on the number of winners.
The top two prize winners of the Set for Life lottery will receive monthly payments of PS10,000. In addition, they will receive a share of the maximum prize pool of $19,200,000. This is a huge amount, but it is important to understand that the payout schedules are not identical to lotto games.
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