That led us to the question – how many other people profited from past wins?
Looking at the prizes worth £1,000 or more, there are 30 cases in October alone where a small ERNIE moment of a £25 prize win in a previous draw won them a sizeable chunk of money this month.
Alongside the £1 million jackpot for the man in Dorset, there were also £5,000 wins for someone based overseas and another residing in Cheshire West and Chester.
There were 27 £1,000 prizes this month heading to reinvesting Premium Bonds holders, one of whom, in Devon, has just £100 invested. Their £25 prize win came in April 2010.
Good things come to those who reinvest
While it’s rare that a £25 reinvested prize would win the top prize – the average value of the purchase in which the winning numbers for jackpot prize wins were contained is nearly £6,000 – this month isn’t the first time it’s happened.
In November 2011, a man from Liverpool became the first person to win the jackpot on the back of an earlier £25 prize, which had come only a few months previous in March of that year.
In 2015, a woman from Nottinghamshire became the second person to win the seven-figure sum from a reinvested prize, her initial win coming in August 2010.
In 2016, it happened twice, with both £1 million prize winners winning from a reinvestment made earlier in the same year!
How to reinvest your prizes
If you sign up to manage your Premium Bonds online you can choose to have your prizes reinvested so they are eligible to win prizes from the next draw. Reinvested prizes are subject to the holding limit of £50,000.
Whether it’s reinvesting into your Premium Bonds holding - making them eligible for the next month’s draw - or whether it’s direct to your bank account,
Standing orders will also be able to be set up from as little as £25 per month (currently the minimum is £50), helping NS&I inspire a stronger savings culture across the UK by making it easier to invest in one of the country’s largest savings products.