Monday 7 January 2013

Spain lottery, 'El Nino,' gives away $1.1 billion


Spain lottery of $1.1 billion, called the 'El Nino' lottery, is held each Feast of the Epiphany in Spain. But there's a catch. Thanks to the country's new austerity measures, winners in the $1.1 billion Spain lottery have to pay 20 percent income tax on their winnings. 


A seller holds a pack of tickets for cash-strapped Spain's famed Christmas lottery in Madrid in this December 2012 file photo. Spain's smaller, $1.1 billion 'El Nino' lottery held drawings Sunday Jan. 6, 2013. 

Daniel Ochoa de Olza/AP/File

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