Residents in Cumbria have hit the big jackpot this month after winning a share of over £450,000.

This came through October's premium bond prize draw, with 34 people in the county taking home sizable amounts.

Out of that group, four lucky Cumbrians scooped up £50,000, though no one in the region was fortunate enough to claim the top prize of £1million.

Two people from Cumbria earned £25,000, 13 people won £10,000, and 15 people claimed £5,000.

Of the 34 winners from Cumbria, the average holding amount of Premium Bonds was £42,662.

At the national level, there were 1,503 winners of high value prizes for October, with a total of £46,135,000 won between 3,269 winners.

Two people's lives were changed by winning the £1m jackpot, whilst 88 people got £100,000, a further 177 winners picked up £50,000, 353 secured £25,000, and 883 welcomed £10,000.

The luckiest region, based on winnings per £1000 in holdings, was Gloucestershire, whose winners received £2,410,000 with only £3,150,671 in holdings - an average win of £764 for every £1000 held.

Premium Bonds are a tax-free Government-backed savings scheme that allows savers to pit up to 50,000 bonds against a digital random prize picker.

Each bond costs £1 and entitles the owner one entry in the draw, with the maximum holding being £50,000. 

Prize draws are conducted every month and see prizes up to £1,000,000 given away.

Mike Bennett, Chief Author and Industry Expert at topratedbingosites.co.uk commented: "What makes Premium Bonds particularly appealing is that you don’t risk losing your initial investment, while still having the opportunity to win big.

"They offer the perfect balance between safety and excitement, combining a secure place to store your money with the thrill of potentially winning a tax-free cash prize.

"Premium Bonds offer something truly unique, and that’s why they remain a firm favourite for savers who want a bit more excitement from their savings."