World
Spain's lottery hits $1.1 billion
by
The Canadian Press - Story:
85464
Jan 6, 2013 / 7:26 am
Jan 6, 2013 / 7:26 am
Photo: The Canadian Press. All rights reserved.
People looks at a bubble breaking in the air as artists perform for money in Madrid, Sunday, Jan. 6, 2013. The number of people registered as unemployed in Spain has gone down, bringing some cheer as the country looks to emerge from recession in 2013. (AP Photo/Andres Kudacki)
A lottery has showered $1.1 billion on top ticket holders in five regions of Spain as it endures a deep recession and high unemployment.
The "El Nino" (The Child) lottery is held each Feast of the Epiphany -- Jan. 6 -- and the top prize tickets were sold in Alicante, Leon, Madrid, Murcia and Tenerife. The lottery's name refers to the baby Jesus, who according to tradition was visited this day by three kings of Orient bearing gifts.
The top tickets dished out $260,240 to each winner, but in keeping with new austerity measures they will pay 20 per cent income tax on that.
Spain's most lucrative lottery, "El Gordo" (The Fat One), is held Dec. 22 and last year distributed $3.3 billion in prize money.

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