(Image Source: euronews)

 

BY HARUMENDHAH HELMY

ANCHOR ANA COMPAIN-ROMERO

 

A much-needed early Christmas present for a financially-strapped town.

An entire Spanish village has won the top prize in the world’s biggest lottery.  First, Fox News gives us the winners’ euphoria.

“These are the lottery winners in Spain. This is sheer joy, ladies and gentlemen, this is the biggest lottery in the world. There’s a little town in northeastern Spain, it’s called Granen. There’s only 2,000 people in the town, they just won $940 million.”
“Oh my goodness.”


You heard that right -- $940 million. The winnings will be split among the village’s 1,800 residents who bought shares of the winning tickets. That’s about $520,000 per share.

CNN explains the lottery’s share-the-wealth system.

“This year the total payout $3.3 billion -- with a B. It is rare for anyone to win the entire jackpot, since the entire ticket cost about $160. Most folks just purchase a tenth of a ticket, for $26.”

 

Called El Gordo -- that’s the ‘fat one’ in Spanish -- the lottery is a long-running Christmas tradition. Its first Christmas draw was in 1812. As shown by this BBC report, the winning numbers were announced by students from a school in Madrid.  Reuters reports about 90 percent of Spain’s adults participate in this annual lottery.  (Video: BBC)


This year’s five magic numbers were 5-8-2-6-8. Al Jazeera explains what the win means to Granen’s residents.  

“Few here can believe their good fortune -- winners wondering what they’ll be able to spend their share of the prize on. Spain is experiencing its worst economic crisis in decades, this part of the country has been particularly hard-hit. Five simple numbers will change the lives of many in Granen and the surrounding area. After months of economic uncertainty, 2012 suddenly seems a lot brighter.”


Spain is struggling with a recession that’s been going on for almost two years now. The Associated Press reports the country’s unemployment rate, at 21.5 percent, is one of the highest in the eurozone.

Spanish Village Wins $940M in Lottery

by
0
Sources:Fox NewsCNN
Transcript
Dec 25, 2011

Spanish Village Wins $940M in Lottery

(Image Source: euronews)

 

BY HARUMENDHAH HELMY

ANCHOR ANA COMPAIN-ROMERO

 

A much-needed early Christmas present for a financially-strapped town.

An entire Spanish village has won the top prize in the world’s biggest lottery.  First, Fox News gives us the winners’ euphoria.

“These are the lottery winners in Spain. This is sheer joy, ladies and gentlemen, this is the biggest lottery in the world. There’s a little town in northeastern Spain, it’s called Granen. There’s only 2,000 people in the town, they just won $940 million.”
“Oh my goodness.”


You heard that right -- $940 million. The winnings will be split among the village’s 1,800 residents who bought shares of the winning tickets. That’s about $520,000 per share.

CNN explains the lottery’s share-the-wealth system.

“This year the total payout $3.3 billion -- with a B. It is rare for anyone to win the entire jackpot, since the entire ticket cost about $160. Most folks just purchase a tenth of a ticket, for $26.”

 

Called El Gordo -- that’s the ‘fat one’ in Spanish -- the lottery is a long-running Christmas tradition. Its first Christmas draw was in 1812. As shown by this BBC report, the winning numbers were announced by students from a school in Madrid.  Reuters reports about 90 percent of Spain’s adults participate in this annual lottery.  (Video: BBC)


This year’s five magic numbers were 5-8-2-6-8. Al Jazeera explains what the win means to Granen’s residents.  

“Few here can believe their good fortune -- winners wondering what they’ll be able to spend their share of the prize on. Spain is experiencing its worst economic crisis in decades, this part of the country has been particularly hard-hit. Five simple numbers will change the lives of many in Granen and the surrounding area. After months of economic uncertainty, 2012 suddenly seems a lot brighter.”


Spain is struggling with a recession that’s been going on for almost two years now. The Associated Press reports the country’s unemployment rate, at 21.5 percent, is one of the highest in the eurozone.

View More
Comments
Newsy
www1