You could win £10k for life with new Lottery shake up

Lottery winners could be swapping their multi-million pound prizes for a lifetime monthly payout of £10,000 in a possible new shake up to increase ticket sales.

Wednesday, 22nd November 2017, 1:47 pm
Updated Tuesday, 12th December 2017, 9:15 am
Lottery shake up

Expected to launch in 2019, the new prize system will aim to attract more gamblers after Lottery operator Camelot announced a drop in last year's players.

The news comes it was revealed this week that Nigel Railton would take over as UK CEO of Camelot.

Railton said: “Some people don’t want big jackpots, they want financial stability to pay more of the mortgage or educate the children.”

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Since its launch in 1994 The National Lottery has created more than 4,750 millionaires or multi-millionaires and awarded over £65 billion in prizes.

Camelot said in a statement: “Given the growing number of players who dream of long-term financial security rather than big jackpots, Camelot will explore ways of satisfying this demand with an annuity-style game.”

Camelot is also expected to introduce a Tuesday Thunderball in 2018 which will issue small but more frequent wins for players.

However Lottery expert Professor Ian Walker, from Lancaster University, said: “It’s wishful thinking that this will turn around falling sales.”