One Australian woman is ready for a new lease on life after this week being crowned the nation’s latest Set for Life First Prize winner. 

The Perth woman, aged in her 40s, received her winning Set for Life entry as a gift and will now see her bank balance balloon by $20,000 each month for the next 20 years. 

The jubilant winner plans to use her windfall to not only set herself up for the future, including buying a new home, but also give back to her community. 

The woman is the 23rd Set for Life winner across Australia since the game started two years ago.  

To date, Set for Life First Prize wins have landed across the Lott’s jurisdictions, including seven in New South Wales, five in Victoria, four in Queensland and two in South Australia. 

This week’s winner is the third Australian to win the Set for Life First Prize during the past eight weeks. 

Last month, two Queensland winners received the life-changing news they had won Set for Life’s hotly-contested prize. 

One of the winners, a Browns Plains couple celebrating their 36th wedding anniversary, cried tears of joy when they discovered their win. 

The newly-retired couple are still contemplating what they’ll do with their prize, but numerous overseas holidays could be on the horizon.

“I’m still in shock!  This will just make life a lot easier,” the winning wife laughed. 

The other Set for Life winner from last month, a hardworking family man from the Central Queensland town of Emerald, couldn’t stop laughing when he received the call to confirm his win. 

The regular Set for Life player looked forward to enjoying life more knowing he no longer needed to worry about money. 

“I will probably keep working, but probably not as hard!” the Emerald man said.  

“I’ll probably pay off the house first up.  I’ve always thought about travel and the misses is also keen to travel.  I’ve never seen the snow so I think I might now!” 

A Set for Life draw is conducted every night of the week, 365 days each year, and players can start their seven-day Set for Life entry on any day of the week. 

To win the First Prize in Set for Life, players must correctly choose the 8 winning numbers drawn from 37. Additional smaller divisional prizes can be won from 2nd Prize to 8th Prize by selecting a combination of the 8 winning numbers and 2 bonus numbers drawn. 

Tickets for Set for Life are on sale in lottery outlets around the country and online at thelott.com with the next draw occurring tonight.