A new lottery game gives winners up to 10,000 a month for the rest of their lives

Camelot is launching an annuity-style lottery which rewards winners with amonthly income for life rather than a lump sum.The reward could be worth up to 10,000 a month.LONDONCamelot, the UK's largest lottery operator, is launching an annuity-style game which rewards winners with up to 10,000 a month for the rest of their lives.Rather than winning a lump sum, winners would be rewarded with a monthly income. The group said in a statement the game would appeal to "the growing numbers of players who dream of long-term financial security rather than big jackpots."In the UK, a small number of lottery winners who became millionaires overnight blew their fortunes, but a Camelot spokesperson denied to the BBC that "binge spending" was a driving force behind the new game. There are also no plans to scrap the popular jackpot game.It also represents a bid from Camelot's new chief executive Nigel Railton to turn around the ailing fortunes of the firm. It saidticket sales for the six months from 1 April to 23 September 2017 were 3,280.4 million, a decrease of 3.2% on last years first-half performance.Railton is reportedly keen on the annuity-idea, havingrun Camelot Global in Chicago, where monthly pay-outs are a regular feature of lotteries.The new game is likely to be launched in 2019.Join the conversation about this storyNOW WATCH: How Bill Gates and Warren Buffett are changing the world like no other humans in history
Click here to read full news..