This is an editorial guide provided for information only. fortunegames.com is an online slots site and is not affiliated with, nor an agent of, Postcode Lottery Limited or any operator named. Always check the official site for the latest information.
Postcode Lottery Prize Breakdown: What Each Prize Pays
Postcode Lottery prizes are won by area: when a postcode is drawn, each ticket registered to it wins. The regular cash prizes are £1,000 per ticket in 20 postcodes a day, a share of £1 million for one postcode on Saturdays, £250,000 per ticket in one postcode in most months and £15 per ticket in the winning postcodes every Thursday.
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Every prize at a glance
| Prize | What it pays | How often |
|---|---|---|
| Daily Prize | £1,000 for each ticket in a winning postcode | Every day, in 20 postcodes |
| Millionaire Street | £1 million split between the tickets in one postcode | Every Saturday |
| £250,000 Prize | £250,000 for each ticket in one postcode | Once a month, except in the December draws |
| Postcode Millions | A multi-million-pound prize shared across one postcode sector | Usually in the December draws (check the official calendar) |
| £15 Prize | £15 for each ticket in a winning postcode | Every Thursday |
A ticket costs £12.50 a month and is entered into every draw that month, so one subscription covers all of these prizes.
How Millionaire Street is shared
Millionaire Street is split rather than paid at a set amount per ticket. The £1 million is divided between the tickets in the winning postcode, so a ticket’s share depends on how many neighbours play. If four tickets are held in the postcode, each one would receive £250,000.
There is a ceiling, though. A single ticket can’t receive more than 10% of the ticket sales for that draw, so in a postcode with only one or two tickets, each share stops at that cap. The official prize terms explain where any remainder goes.
Postcode Millions and the £250,000 Prize
With the £250,000 Prize, every ticket in the chosen postcode receives the full amount, with nothing split between neighbours. It runs once in each month’s draws, apart from December.
Postcode Millions reaches further than a single street. The prize goes to a whole postcode sector, a group of neighbouring postcodes, and it is shared out across the tickets there. It usually runs in the December draws, so check the official draw calendar for dates.
Getting paid, and the odds
Prize money is paid into your bank account, normally within 28 days if you pay by Direct Debit or have already registered your bank details, and under normal circumstances it is free of UK tax.
The operator publishes average chances per ticket per month rather than fixed odds. It puts the chance of any prize at better than 1 in 4, a £1,000 prize at better than 1 in 2,000, and one of the top prizes at better than 1 in 250,000. These are averages that change with the number of tickets playing, most tickets win nothing in a given month, and no prize is guaranteed.
Frequently asked questions
How much is the Postcode Lottery daily prize?
£1,000 for each ticket in every one of the 20 postcodes drawn that day.
If I have two tickets, do I win twice?
Yes. Each ticket wins in its own right, so two tickets in a winning postcode collect two prizes, or two shares of Millionaire Street.
Do you pay tax on Postcode Lottery winnings?
Under normal circumstances, no: prizes aren’t subject to UK Income Tax or Capital Gains Tax.
Related guides: how Thunderball compares with the Postcode Lottery and how The Birthday Draw compares with the Postcode Lottery.
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