Like many tens (hundreds?) of thousand Kiwis the Veteran and Mrs Veteran are 'investors' in Bonus Bonds hoping for that $1m monthly first prize. Over the near half a century that Bonds Bonds have been in existence we have enjoyed some reasonable success although perhaps not as much if we had placed the money in term bank deposits or bonds. You accept that as part of the deal.
Since since 2000 when I started keeping records up until November last year there were only three months when we didn't receive a prize. That's 3 months out of 190. From November 2016 to March 2107 (5 months straight) we have received zip, zero, nothing. Based on those numbers someone better versed than I in probability distributions can no doubt come up with a precise figure on the likelihood of this occurring. I would put it at several millions to one.
A more likely scenario is that the ANZ owner of Bonus Bonds has rejigged (reduced) the prize list and, if they have, surely it is incumbent upon them to advise all bond holders accordingly. One thing for sure ... apples to donuts, they won't have reduced their management fee one decimal point. For the bank, Bonus Bonds are a money making machine but they would do well to remember that investors have choices.