Guiding consumers since 2009

Modified Lotto rules to result in more winnings

By Staff Writer

For most of us, winning the lottery has been a farfetched dream.

Ithuba Holdings,South Africa’s third national lottery operator, just announced changes that are set to make winning easier.

According to research conducted by the National Lottery Operator the majority of Lotto players within South Africa would like to win more money, more often.

In a statement released this week it said: “In an unprecedented move, the Lotto game will see more allocations go into the jackpots for lottery players.”

The newly introduced changes include: a fixed guaranteed prize pay-out for R50 for those matching three numbers on the Lotto, currently players that get three matching numbers are paid out varying amounts which solely depended on the number of people who had won in the division.

Also, expect changes in the Lotto Plus. The Jackpot will no longer be rolling down instead it will be rolling over. The Lotto Jackpot will now keep on rolling until it’s been won, “leading to a sizeable jackpots.”

Lotto plus will also feature a fixed guaranteed prize pay-out of R20 for those matching three numbers.

Ithuba Holding added: “Changes will also include the introduction of the QuickPick option on the bet slip which has been given a new look and feel for the players’ convenience.”

These changes will be implemented on 22 May 2016.

The prices of Lotto tickets will be retailing for R5 and Lotto Plus for R2.50

For more information on the Lottery Game, click here

For more information about Ithuba, click here

Recent Articles

Featured How will your personal information be protected by your insurers?

POPI forces industries to reconsider how they handle client’s personal details. This is particularly good news for sensitive products, such as insurance.  We find out what POPI is all about, and we see how your information will be protected.

How long does it take to change your credit life cover provider?

You have the right to choose your own credit life cover provider. But how long will it take to do this, and is it worth the effort?

Is it risky to pick out your own stocks, or could you stand to gain more?

Investing in the stock market can seem like an intimidating idea. It may seem safer to allow a specialist to manage your investment portfolio than to gamble with your own limited knowledge.

6 Ways you can secure lower interest rates

It’s tempting to be anxious when thinking about credit cards or loan repayments. However, having and living with credit is not a bad thing, if you manage it responsibly and approach it proactively. One way to do this is to secure low interest rates on your credit agreements.

Deals

Hogsback Pensioners’ Special

Price: Available on request
When: Daily
Where: Hogsback

Mangwanani Moonlight Night Spa Package Special

Price: Available on request
When: Until 30 November 2020
Where: KZN, WC, Gauteng

Legacy Hotels Black Friday Special

Price: Available on request
When: Until 30 November 2020
Where: Nationwide


Latest Guide

Guide to debt rehabilitation solutions