Spain lottery, 'El Nino,' gives away $1.1 billion
| Madrid
A Spain lottery聽showered 鈧�840 million ($1.1 billion) on ticket holders in five regions of聽Spain聽on Sunday, in the midst of a deep recession and high unemployment.
The "El Nino" (The Child)聽lottery聽is held each Feast of the Epiphany 鈥� Jan. 6 鈥� and the top prize tickets were sold in Alicante, Leon, Madrid, Murcia and Tenerife. The聽lottery's聽name refers to the baby Jesus, who according to tradition was visited this day by three kings of Orient bearing gifts.
The聽lottery聽tickets cost 鈧�20 ($26), and the most one can win is 鈧�200,000 ($260,240). But there's a catch. Thanks to new austerity measures aimed at reviving聽Spain's聽ailing economy, anyone who wins above 2,500 euros ($3,250) in the聽lottery聽has to pay 20 percent income tax on their windfall.
On Sunday, a cheering crowd gathered outside one ticket office in the southwestern Madrid suburb of Alcorcon where 200 of the winning numbers were sold, totaling 鈧�40 million ($52 million) in prize money.
"I am very excited because I really needed this," said Josefina, one of three winners celebrating there. "Now that I've won, I just think I've been very lucky," said Josefina, who declined to give her surname.
Spain's聽most lucrative聽lottery, "El Gordo" (The Fat One), is held Dec. 22 and last year distributed 鈧�2.5 billion ($3.3 billion) in prize money.
