Brits battle to for £1billion prize in new lottery bonanza - but there's a catch

Brits battle to for £1billion prize in new lottery bonanza - but there's a catchThe National Lottery, operated by Allwyn, will launch a new draw which will link with the famous Powerball game, iconic in the US, in which the jackpot can rocketCommentsMoneyGraham Hiscott Business and Consumer Editor17:51, 14 Apr 2026View 2 ImagesAllwyn runs the National Lottery games in the UKBrits could be in with a chance of scooping a mind-boggling £1billion lottery bonanza under plans announced today.‌New National Lottery operator Allwyn confirmed it will launch a new draw later this year that links up with America’s famous Powerball game.‌The draw - which takes places three times a week - will offer the chance to win a truly life-changing amount, from at least £12million. Unlike other draws, there is no limit to the number of roll-overs that can take place if no-one wins, meaning the jackpot can soar. Allwyn says it paves the way for one lucky person in the UK to win a colossal £1billion, or more - the biggest such prize every offered.‌But unlike most other National Lottery winners who get their hands on the tax-free cash at once, those who scoop the top Powerball prize have to receive it over a 30-year period. For those who net the potential £1billion, it would work out at more than £30million every year for three decades. Should the lucky winner sadly not live that long, the remainder will be paid to their estate, an Allwyn spokeswoman said.READ MORE: Search for mystery £1 million Lotto jackpot winner — check your ticket nowREAD MORE: Woman told to return £33k jackpot after William Hill claims technical glitchView 2 ImagesThe US Powerball jackpot reached a staggering $950million last year in the US(Image: Anadolu via Getty Images)But before players get too carried away, the odds of winning the Powerball jackpot are a distinctly distance 292 million to one, given the fact there will be up against others in 48 US state lotteries. And it is not cheap, at £4 per Powerball line...