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Spain's El Niño lottery spreads $663M in winnings

InternationalInternational: Spain's El Niño lottery spreads $663M in winnings
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A lottery on Tuesday spread €560 million (US$663 million) among jubilant ticket holders throughout Spain, which is struggling to emerge from a financial crisis that has left it saddled with high unemployment.

The "El Niño" (The Child) lottery is held each Feast of the Epiphany on Jan. 6, and the 400 top prize tickets, each worth €200,000 (US$236,700), were all sold in Leganes, a southwest Madrid working-class suburb.

"Horns are blowing, the phone doesn't stop ringing, it's crazy and a huge, huge joy because it has all been sold among neighbors in a very working class district," said lottery seller Gustavo Fernandez whose shop sold tickets amounting to 80 million euros ($95 million) in prize money.

Lesser prizes were widely dispersed, including in the provinces of Albacete, Almeria and Barcelona.

The lottery's name refers to the baby Jesus, who according to tradition was visited this day by three wise men bearing gifts.

Lottery tickets cost 20 euros (US$23.67) and the pot is divided among thousands of ticket-holders, limiting the jackpot size but spreading winnings more widely.

Spain's most lucrative lottery, "El Gordo" (The Fat One), is held Dec. 22 and distributed €2.5 billion (US$3 billion) in prize money last month.

Spain is recovering from two recessions, the last of which ended in late 2013 and quarterly unemployment surveys showed the jobless rate was 24 percent in the third quarter 2014.

ABC

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5 comments. Last comment 2 years ago by basil19.
Page 1 of 1
mypiemaster's avatar - 2015021003pileofcash
JACKPOT HUNTER

United States
Member #141034
April 2, 2013
1408 Posts
Offline
Posted: January 7, 2015, 2:16 pm - IP Logged

Recession or no recession, a lottery win of any kind is a beautiful thing.

Seek and ye shall find -Matt. 7:7 ...Ask and ye shall receive -John 16:24 ...Give and it shall be given unto you -Luke 6:38 ...Be careful what you ask for!!! -Mypiemaster 1:1

Having Money Solves Problems That Not Having Money Creates Yes Nod ****John Carlton****

    pickone4me's avatar - 021414tvlies zpsa453b327.jpg
    Wisconsin
    United States
    Member #104962
    January 23, 2011
    1075 Posts
    Offline
    Posted: January 7, 2015, 2:50 pm - IP Logged

    Is that where the government looted peoples bank accounts?

    Trump 2016!

      maringoman's avatar - images q=tbn:ANd9GcTbRxpKQmOfcCoUqF2FyqIOAwDo7rg9G-lfJLAALPGWJWwiz19eRw
      Massachusetts
      United States
      Member #37433
      April 14, 2006
      2747 Posts
      Offline
      Posted: January 7, 2015, 5:37 pm - IP Logged

      What I wish would be included in the articles is the odds of winning that top prize. It gives a reader some perspective. 

      I dug up some info. 100,000 tickets are printed at 200 each (each ticket can be sold as 10 decimas). Most players choose to buy single decimas so they pay €20.

      I think the PA Millionaire raffle is better when comparing top prizes odds.

      That money's gone fo ever

        Bondi Junction
        Australia
        Member #57242
        December 24, 2007
        1102 Posts
        Offline
        Posted: January 8, 2015, 6:54 pm - IP Logged

        If a US State lottery, such as California,  is smart they will introduce an El Nino lottery game. In addition to their usual games, they could have an annual El Nino every January. It would be fun and more importantly, raise additional revenue for the state.

        We all get a lot out of lotteries!

          Avatar

          United States
          Member #97951
          September 28, 2010
          241 Posts
          Offline
          Posted: January 9, 2015, 11:00 pm - IP Logged

          Spain has a few  lottery players with so much patience , enjoy and use it wisely.