Jan 07, 2013 09:32 AM EST
$1.1 Billion Lottery Held In Five Regions Of Spain, Helps High Unemployment (VIDEO)

A lottery worth $1.1 billion was held in five regions of Spain this past weekend and couldn't have come at a better time. Spain is currently going through a deep recession and people have had a tough time simply getting a job for over six months.

The "El Nino" (The Child) lottery is held during each Feast of the Epiphany, Jan. 6, and the winning tickets were purchased in Alicante, Leon, Madrid, Murica, and Tenerife according to the Associated Press.

Lottery tickets cost customers approximately $26 and the most a single person could win is $260,240. Winning isn't all good however, as a new law aimed at helping the recovering economy states that anyone who wins more than $3,250 in the lottery has to pay 20 percent income tax.

People waited in lines outside of ticket offices regardless to purchase a ticket. Over 200 of the winning numbers have been sold at a ticket office in Alcorcon in southwest Madrid.

"I am very excited because I really needed this," said Josefina, one of three winners celebrating there, who declined to give her surname to the Associated Press. "Now that I've won, I just think I've been very lucky."

The "El Nino" lottery isn't the biggest one that Spain holds however. Spain's largest lottery, "El Gordo" (The Fat One) is held annually on Dec. 22 and in 2012 the top prize was $3.3 billion in prize money.

Related Articles:

2013 Fiat 500e Offers 108 Highway MPGe Rating and 87 Miles of Driving Range (VIDEO)

2013 Green Car Technology Award Finalists Announced, Winner To Be Honored At Washington Auto Show (VIDEO)

6 Russians Die In Snowmobile Crash In Italy, Driver Survives (VIDEO)

Solar Eruption On New Year's Eve Captured By NASA Satellite, Solar Peak Expected To Be Lowest In 100 Years (VIDEO)

$6,800 Vehicle To Be Built At Former GM Plant By Start Up Company Elio Motors (VIDEO)

See Now: OnePlus 6: How Different Will It Be From OnePlus 5?

 PREVIOUS POST
NEXT POST 

EDITOR'S PICK    

Hyundai to Invest $16.1 Billion for EV Business; Sets Annual Sales Goal of 1.87M Electric Cars by 2030

World's Most Expensive and Most Heavily-optioned Porsche 928 GTS is Coming Home to the U.S.

Major Boost as Tesla Giga Berlin Facility in Final Phase of Approval Process; Delivery Event Set This Month

Audi Looking for e-tron Electric Vehicles to Spur Car Brand's Growth in India in 2022

Toyota Offers Free EV Charging to Owners of 2023 bZ4X After Partnership Agreement with EVgo

2022 Suzuki Baleno Finally Unveiled in India: What are the Specs and Features of this City Car?