Spread wealth in prize bond wins
Sir -- The article by Peter Flanagan on prize bonds (Sunday Independent, July 22, 2010) is worth further study by prize-bond holders. Last year, the company paid out more than €27m in prizes. But €12m of this went to 12 people. The company pays out 6,000 prizes every week but 99.5 per cent of these are for only €75 each. This prize structure should be adjusted.
A random poll of prize-bond holders would show the majority would prefer smaller prizes at the top end rather than 44 per cent of the kitty going to 12 people.
P O'Leary Swords, Co Dublin