Prize Bond fund reaches record €4.4bn

The State-backed prize draw saw gross sales of €660.5m last year.

Over 228,000 prizes were awarded last year with a total value of €15.6m.

The State-backed Prize Bond fund reached a record value of €4.4bn, marking an all-time high in the history of the scheme, which was first established in 1957. The fund increased by 8.3% from its 2020 value of €4.1bn.

Sales of Prize Bonds remained strong last year as the fund continued to see steady gross sales of €660.5m during 2021.