Quantcast
Latest Stories

Spanish lottery winners savor luck in dire times



Ticket holders celebrate with the winning ticket number 58.588 after the draw of Spain’s lottery named “El ni–o” in Castelldefels, near Barcelona on January 06, 2010. Ticket holders in the town share out 2 million €. It means the top prize in the draw has gone to Barcelona for two consecutive years. AFP / JOSEP LAGO

MADRID – The winners of Spain’s El Nino lottery broke open champagne and wept for joy on Sunday, savoring their luck all the more at a time when the country faces its most severe economic crisis in decades, with unemployment at a record 25 percent.

“I feel great satisfaction, great joy, especially now when everyone is on such a limited budget. It’s really a relief,” one of the winners of the highest prize of 200,000 euros ($265,000) said on TVE public television.

“I have a son who is unemployed, and I will be able to help him with that and (pay for) my younger daughter’s studies,” another said.

El Nino, dubbed the “little sister” of the much bigger El Gordo Christmas jackpot, paid out 840 million euros this year.

The second prize was 100,000 euros. Each ticket cost 20 euros.

But for the first time, winners will have to pay 20 percent tax on any sum exceeding 2,500 euros under Spain’s unprecedented austerity drive aimed at slashing the public deficit.

The tax took effect this year, so the top winners of 400,000 euros each in the El Gordo lottery, drawn on December 22, pocketed the full amount. El Gordo paid out a total of 2.466 billion euros.

The two lotteries are among the world’s most generous, paying out 70 percent of their takings.

The El Nino draw on January 6 – Epiphany or the 12th day of Christmas – is a tradition that began at the beginning of the 20th century.

Millions of jobs have been destroyed in Spain since a property market crash and a global financial crisis rocked the economy in 2008.


Follow Us


Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Economy , lotter , Spain , unemployment



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement

News

  • Businesswoman allegedly killed by husband, brother-in-law
  • Roxas suspended from golf club for outburst over P5,000 guest fee
  • SC reschedules oath-taking of new lawyers
  • Ex-COA chief seeks bail after arrest for plunder
  • Aquino expects more from new Air Force chief ‘since I know him so well’
  • Sports

  • Guiao fined P100,000 for ‘mongoloid’ comment vs Meralco forward
  • Hawks and Grizzlies revel in home wins
  • Floyd: Manny’s power gone
  • Michael Phelps loses to Lochte in comeback meet
  • Sharapova advances to Stuttgart quarterfinals
  • Lifestyle

  • ‘Recovered’ Banksy works on display ahead of sale
  • Marinduque: Visiting the ‘palm of the ocean’
  • First at Vatican in 60 years
  • How Jing Monis Salon gave Krissy the pixie
  • Want to be a supermodel? Work on your inner beauty, says Joey Espino
  • Entertainment

  • Paul McCartney to play at Candlestick concert
  • Kristoffer Martin: from thug to gay teen
  • Has Ai Ai fallen deeply with ‘sireno?’
  • California court won’t review Jackson doctor case
  • Cris Villonco on play adapted from different medium
  • Business

  • PAL hailed for ban on shark fin cargo
  • BSP to change tint of P100 bill
  • Nielsen sees car buying boom in the Philippines
  • How author of best-seller exposed ‘one percent’ economic elite
  • Bangko Sentral readies new bank lending rules
  • Technology

  • Cloud strength helps Microsoft earnings top Street
  • Vatican announces hashtag for April 27 canonizations
  • Enrile in Masters of the Universe, Lord of the Rings?
  • Top Traits of Digital Marketers
  • No truth to viral no-visa ‘chronicles’
  • Opinion

  • Corruption not invincible after all
  • Editorial Cartoon, April 25, 2014
  • No deal, Janet
  • Like making Al Capone a witness vs his gang
  • MERS-CoV and mothers
  • Global Nation

  • Plane lands at Bali airport in suspected hijacking—Indonesia air force
  • Obama lands in Seoul as N. Korea nuclear test fears grow
  • Militant protests vs Obama, US set
  • Filipinos second-shortest in Southeast Asia
  • China welcomes PH apology
    Marketplace