Spain Gives Out $1.1B Lottery
Bad news: There's a 20% income tax due to austerity measures
By Polly Davis Doig, Newser Staff
Posted Jan 6, 2013 10:09 AM CST
A ball bearing a ticket number falls from a giant drum during a lottery draw in Madrid in this 2010 file photo.   (AP Photo/Arturo Rodriguez)

(Newser) – Endless recession or not, Spain's crazy-huge lotteries go on: The traditional Jan. 6 lottery known as El Niño today showered $1.1 billion on those lucky enough to have the winning numbers, reports the AP. The lottery isn't even Spain's largest (a Dec. 22 lotto known as El Gordo handed out $3.3 billion last year) and is pegged to the day that the three kings arrived in Bethlehem, bearing gifts for the baby Jesus. One small nod to austerity: Winners of more than $3,250 have to fork over 20% in income tax. Top tickets were worth $260,240. "I am very excited because I really needed this," says one woman.

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Showing 3 of 12 comments
Jan 6, 2013 2:11 PM CST
How wonderful the bankrupt country of Espana can afford to throw loose all of that dinero! That should alert the sleepy people of Spain that organized crime runs their government... just like here in our USA where our people are just as stupid!
Jan 6, 2013 1:55 PM CST
Has nothing to do with austerity and everything to do with paying back the governments radical, irresponsible spending. How anyone can come to conclusion that it has anything to do with austerity needs to go back to junior high math class.
Jan 6, 2013 12:28 PM CST
If the public can afford to pay for a lottery that awards 3.3x10^9 then the public can easily afford high enough taxes to pay off the government's debt in full. Lottery winners are the ultimate welfare queens.