When the National Lottery first started in the UK, there was a great deal of excitement and interest. This was a chance to win a life-changing amount of money, which was met with considerable interest.
With the lottery draw going out live on BBC1, millions tuned in and of course, the first lottery wasn’t won, leading to a roll-over. The first few years saw a great level of interest in the National Lottery and of course, a great deal of money spent but in more recent years, the Lottery has been on the wane.
There is no doubt that the price increases haven’t helped, nor the fact that more numbers have been introduced, making it harder for people to win.
When you add in the fact that many people feel that good causes and charities aren’t backed enough by the Lottery, you can see why so many people have turned their back on it.
There are also rival draws, such as the Health Lottery and the Postcode Lottery and many people run draws amongst their friends or colleagues.
Not everyone is supportive of the lottery firm
All of these things are factors in the declining fortunes of Camelot, the company that runs the National Lottery. Rather than dropping the price of lottery tickets or making it easier for people to win, the new idea from the company behind the UK lottery is based on giving people a chance to win a monthly income for the rest of their lives.
At the moment, lottery prizes are provided to people in a lump sum, but there are suggestions that a new form of prize could be in the offing.
For many people, bringing in a monthly income of up to £10,000 from the National Lottery would be a huge issue. This is a life changing amount of money and one that would provide the vast majority of people with a high level of confidence.
This isn’t a sum of money that would allow you to buy a house in one go, or even in a year, but can you imagine what it would do to your mortgage application?
This style of prize can change lives
You could go to any lender and point out the fact that you will receive £10,000 per month and they’d be delighted to have you on board.
This money would be guaranteed so it’s not as if you have any concerns about job losses or illness or injury impacting on your ability to earn the money. This would provide the lender with a greater degree of confidence about the borrower’s ability to pay off the loan in full.
If this prize option is introduced to the range of National Lottery games, it is not likely to be part of the schedule until 2019. It is likely that many people will like the sound of this style of prize but the cost of the game and the odds associated with the prize will be factors that will influence how many people decide to play the game.
No matter how enticing the thought of winning the lottery may appear, it is not something that anyone can rely on. The promotional activities will try to convince you that you have every chance of winning a big prize but in all likelihood, the odds are very much stacked against you.
Anyone who places a lot of money or time on winning the lottery is only likely to cause further damage to themselves.
By all means play the lottery but it should never be seen as a solution that will solve financial problems. It is something that can be played for fun and as long as you only gamble with what you can afford to lose, you will be okay.
If you are experiencing financial difficulties, it is vital that you take steps to understand your problems and to try and take control of them.
By actively taking control of the financial situation you face, you will provide yourself with the best chance of moving forward and minimizing the difficulties or problems you face.
There is a considerable amount to be said for calling on help from others if you need it.
There is no denying that many people feel that the National Lottery is nowhere near as strong as it should be, and it has certainly fallen away since its early days.
Andrew Reilly is a freelance writer with a focus on news stories and consumer interest articles. He has been writing professionally for 9 years but has been writing for as long as he can care to remember.
When Andrew isn’t sat behind a laptop or researching a story, he will be found watching a gig or a game of football.