On to a winner as Prize Bonds hit all-time high

Cash prizes won by 438,682 Prize Bond holders last year came to €46m — marking a near 14% annual increase in prize winners — the highest amount in the scheme’s 55-year history.

The latest annual report from the Prize Bond Company, issued yesterday, shows a 13.4% increase in gross sales, to €352.6m, with the fund value standing at €1.65bn — the highest on record.

The value of cash prizes won by customers — €46m — was also a record high and marked a 9.6% yearly increase and the number of bond purchases rose by 8% to 365,870.