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| Name | The drawing began on Monday in Spain for the world's biggest lottery payoff. A pot of cash worth abo |
| Video Uploader | Video From AP Archive |
| Upload Date | This Video Uploaded At 03-08-2015 10:36:02 |
| Video Discription | (22 Dec 2014) The drawing is underway in Spain for the world's biggest lottery payoff, a 2.5 billion-euro (3 billion US dollars) pot of cash that will be divided among thousands of ticket holders. The top prize for this year's "El Gordo" (The Fat One) drawing are tickets that will win 400,000 euros (490,000 US dollars). Many more people who bought 20-euro (24 US dollar) tickets will take home smaller amounts. Unlike lotteries that offer one large jackpot, Spain's Christmas season lottery distributes winnings to thousands. It's the world's richest lottery. Spaniards are glued to televisions as awards are announced in a programme that often lasts four hours. Before Spain's economic implosion in 2008, winners often splurged on new cars, beach homes or holidays. Now many use winnings to pay off debt. "We are going to bet for Christmas and the illusion of draws. Let's see if I can exit bankruptcy," said one unemployed man waiting to get into the Royal Theatre. Find out more about AP Archive: http://www.aparchive.com/HowWeWork Twitter: https://twitter.com/AP_Archive Facebook: https://www.facebook.com/APArchives Instagram: https://www.instagram.com/APNews/ You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/27b192d1e2c83c3e0de5cdd13c7a9330 4UjYOqbQWi4 |
| Category | News & Politics |
| Tags | AP Archive | apus022904 | 27b192d1e2c83c3e0de5cdd13c7a9330 | spain_lottery | Spain | Western Europe | General news |
