Spain’s $3.4B Christmas Lottery Makes U.S. Mega Millions Look Bush-League

NewsFeed

Spain may be emerging from a crippling economic recession, but it’s rolling in dough when it comes to its national lottery.

Winning numbers were picked Sunday for the nation’s Christmas lottery — the richest in the world — which totaled a massive $3.4 billion jackpot, dwarfing last week’s American Mega Millions prize of $648 million, according to the Associated Press.

The jackpot is split up into tiers of cash, rather than one giant jackpot. “El Gordo” winners go home with $546,200 per ticket, and second place prizes pocket $170,000.

In an effort to recognize the absurdity of its flush of lottery cash set against the nation’s economic plight and unemployment rate of 26 percent, the government will collect a 20% tax on the winnings for the first time.

The Christmas lottery remains one of Spain’s most popular traditions, with more than 46 million tuning in Sunday to watch at…

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