Prize Bonds draw nets €50,000 for lucky Galway individual

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Galway Daily news Prize Bonds draw nets €50,000 for lucky Galway individual

One lucky person in Galway has been celebrating this weekend after winning €50,000 in the weekly Prize Bonds draw.

Prize Bonds are a State Savings product which, instead of paying interest, offers bond holders the chance to win cash prizes every week.

The lucky individual in Galway won the top prize in the draw on Friday with the Bond numbered PP141379.

A total of 387 people in Galway got lucky this week, but unfortunately, there were no other big winners, with the next largest prizes being for €75 each.

Nationwide a total of €779,225 was won by bondholders this week. Aside from the jackpot, 20 people won €1,000 each and another 20 won €500 prizes.

On top of the weekly draws with a grand prize of €50,000 up for grabs, there are also four special draws each year with a top prize of €250,000.

All winnings are tax-free, and Prize Bonds can be cashed in at any time after the minimum holding period of three months.

Founded in 1957, the Prize Bonds draw is Ireland’s longest-running prize draw.