Camelot Introduces New Annuity Game

British lottery group Camelot announced this week that they're launching a new lottery game on March 15th dubbed 'Set for Life', which will give lucky punters the chance to win £10,000 per month for 30 years.

The game will be a draw style game and will see a ticket priced at £1.50 each. The tickets will be sold on the UK National Lottery's website, mobile app, and from various retail outlets, and the first drawing will be held on March 18th. Players will have to pick 5 numbers ranging from 1 to 47 as well as a Life Ball, which goes from number 1 to 10. If you manage to match all five numbers and the Life Ball, you win the £10,000 per month for 30 years.

The drawings will take place every Monday and Thursday and the odds of winning the top prize sit at a hefty 1 in 15,339,390.

Commenting on the launch Camelot CEO Nigel Railton said, "Annuity games really appeal to a growing number of people who like the idea of winning a prize paid out in regular installments over the long term, and are very successful in other countries. We think that Set For Life will be just as popular here in the UK - it will offer National Lottery players something completely new and meet a different set of consumer needs, especially among younger people."