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Set for Life Australia works in a relatively simple way:
• Pick 7 numbers from 1 to 44
For a chance to win the top Australia Set for Life prize, you have to match all 7 numbers for the respective drawing.
Set for Life winnings are categorized into 8 divisions. Check out the table below for a better idea about the prize tiers:
|Numbers Matched||Estimated Prize (AUD)|
|7||20,000 a month for 20 years|
|6 + 1 supplementary||5,000 a month for a year|
|6||2.2% of the prize pool|
|5 + 1 supplementary||2% of the prize pool|
|5||4.6% of the prize pool|
|4 + 1 supplementary||10.6% of the prize pool|
|4||28.2% of the prize pool|
|3 + 1 supplementary||52.4% of the prize pool|
As the table suggests, only the first and second prizes are fixed. They will always be the same amount, and the payout is guaranteed.
Prize tiers from third to eighth are pari-mutuel. This means that the mentioned percentage is divided equally among all of the winners. If more people buy tickets for the respective drawing and fewer winners per tier, the individual payout will be bigger.
1. Set for Life is a trendy game in Australia due to its very unique format. Initially, it featured monthly installments solely for the top prize. In 2020, however, the rules of the game got changed. A second tier was introduced, giving winners a prize of 5,000 dollars per month for an entire year. Initially, players had to select 8 numbers from 44 to win the top prize. That condition also changed. Now, players have to match 7 numbers – a fact that results in better odds of winning.
2. Set for Life Lotto is Australia’s newest game. The first drawing took place in 2015, and the format is based on similar games available in other countries. An example of such a game would be Cash4Life in the US.
3. Set for Life rules state that the top prize cannot be claimed in the form of a cash lump sum. This is one of the most significant differences between the Australian format and similar games in other parts of the world. In the US, for example, players can decide to cash out the monthly installments in one go. If they choose to do so, however, the payout will be much smaller than in the case of sticking to the monthly payout schedule.
4. As of 2018, there have been 41 Australians to win the top Set for Life prize. This fact only comes as an illustration of the claim that Set for Life has reasonably good odds. Other Set for Life prizes are even easier to snatch than the top one. This is the reason why Set for Life has turned into a life-changing opportunity for many Australians. Lottery research suggests that most Set for Life winners use the money from the top prize to travel to exotic destinations or overcome financial difficulties. Payout out the mortgage has ranked as the second most popular way Set for Life money is spent. 5. By 2020, the number of Set for Life winners had reached 77. There had also been 285 people to claim the second prize of 5,000 dollars a month for a year.
The Set for Life draw time in Australia is as follows:
• Every day, 9 p.m. AEST
Ticket sales will close shortly before that hour on the nights of drawing.
To find out if you’ve won something from the latest drawing, check the latest Set for Life winning numbers below.
|Yesterday, Fri, May 20 2022||
|Thu, May 19 2022||
|Wed, May 18 2022||
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