What Makes Set for Life Different?
Unlike every other Australian lottery, Set for Life doesn't hand you a lump sum. Instead, the Division 1 prize is $20,000 per month for 20 years — totalling $4.8 million over the prize's lifetime. Operated by The Lott, the game launched on 7 August 2015 and is drawn every single night at 9:00pm AEST.
How the Draw Works
Set for Life uses a 7/44 format: pick 7 numbers from 1 to 44. In each draw, 7 winning numbers and 2 supplementary numbers are drawn. There are 8 prize divisions. Your ticket enters the next 7 consecutive daily draws.
Prize Division Breakdown
| Division | Match | Odds | Prize |
|---|---|---|---|
| 1 | 7 winning numbers | 1 in 38,320,568 | $20,000/month for 20 years |
| 2 | 6 winning + 1 supp | 1 in 2,737,184 | $5,000/month for 1 year |
| 3 | 6 winning numbers | 1 in 156,411 | ~$2,000–$5,000 |
| 4 | 5 winning + 1 supp | 1 in 25,702 | ~$200–$400 |
| 5 | 5 winning numbers | 1 in 3,067 | ~$50–$80 |
| 6 | 4 winning + 1 supp | 1 in 894 | ~$25–$35 |
| 7 | 4 winning numbers | 1 in 167 | ~$15–$20 |
| 8 | 3 winning + 1 supp | 1 in 80 | ~$10 |
The 2020 Game Redesign
On 23 March 2020, Set for Life changed from 8-from-37 to 7-from-44. A new Division 2 ($5,000/month for 12 months) was added, Division 1 odds improved from 1 in 38,608,020 to 1 in 38,320,568, and a new Division 8 tier was created.
Division 1 Sharing Rules
If 4 or fewer winners share a draw, each receives the full $20,000/month for 20 years. If more than 4 winners, the total $19,200,000 pool is split equally via reduced monthly payments.
Set for Life vs Lump-Sum Games
The $4.8M total payout has a present value of approximately $3.0–$3.2M at a 5% discount rate. Read our detailed lump sum vs monthly payments comparison for full financial analysis.