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    22
    Dec
    2012
    4:06am, EST

    World's richest lottery, 'El Gordo,' to pay out $3.3 billion in prizes in Spain

    By The Associated Press

    MADRID -- After another brutal year of economic hardship, Spaniards across the country are hoping for relief when the country's famed Christmas lottery — the world's richest — pays out $3.3 billion in tax-free awards on Saturday.

    Almost everyone in the country of 46 million people will be glued to live TV to watch school children sing out the winning numbers for the lottery that pays out maximum prizes of $529,840 and many more for smaller amounts. The top prize is dubbed "El Gordo" ("The Fat One") and is likely to be won by hundreds if not thousands of players.


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    Unlike other big lotteries that generate just a few big winners, Spain's lottery — now in its 200th year — has always aimed for a share-the-wealth-system rather than a single jackpot, and thousands of numbers yield at least some kind of return.

    The Christmas lottery is so popular that there are frequently three $26 tickets sold for every Spaniard, and the lottery itself is the unofficial kickoff of the holiday season.

    Hard-hit Spanish town celebrates after $940 million 'El Gordo' win

    "A lot of people win," said Pablo Foncillas, a marketing professor at the IESE Business School in Madrid. "It's really common even if you don't win to get a free ticket. So many people win that people just keep on playing. Everyone knows someone who's won, even if it's only a little bit."

    Hundreds of players lined up daily to buy tickets this week outside the Dona Manuelita lottery store in Madrid, which has often sold winning tickets.

    Before Spain's property-led economic boom collapsed in 2008, they had hoped to win so they could buy a small apartment or a car. Now people said they need the money just to hang on to what they have and avoid being evicted or having cars repossessed.

    Betting that tickets from Dona Manuelita stood a better chance of winning, unemployed construction company office manager Miguel Angel Ruiz drove 100 miles to buy for a pool of players including his wife and relatives.

    "We're buying more hoping we'll hit it so we can emerge from poverty," said Ruiz, 39. "Before the crisis, lottery winnings were to buy an apartment or a car, and now it's to pay debts."

    Diego Sanbrano, let go from his waiter's job two months ago, said the Spanish lottery isn't about getting rich and never working again.

    "It's to pay off debts and straighten out your life," he said. "You pay the mortgage and make the car payment, and then maybe you have a little left over to go somewhere on vacation."

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    © 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    66 comments

    Key words......TAX FREE.....Not here.Our greedy gov't has to get they're hands in on it..Every lottery needs to be tax free.We pay enough as it is.

    Show more
    Explore related topics: europe, featured, christmas, spain, lottery, billion, el-gordo
  • 28
    Nov
    2012
    11:11am, EST

    An ocean away in UK, time is running out to claim $100 million lottery prize

    By Ian Johnston, NBC News

    Updated at 12:45 p.m. ET: LONDON - The winner of a lottery prize worth more than $100 million will lose the money if the ticket holder does not come forward in the next few days, organizers in the U.K. warned Wednesday.


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    Under lottery rules, the “truly amazing” and “staggering” prize will go to “good causes” supported by the U.K.’s National Lottery unless it is claimed by 11 p.m. local time (6 p.m. ET) on Wednesday next week, the organizers said in a statement.

    “If you play EuroMillions and think you could have the winning ticket, check in the pockets of your clothing, in wallets, bags and down the back of the sofa – you could literally be sitting on a fortune!” it added.

    The ticket for the EuroMillions lottery draw on June 8 was bought in the Stevenage and Hitchen area of England.

    The hunt for the winner in the U.K. comes amid growing excitement in the U.S. about the Powerball jackpot, which is now worth $550 million.

    Tonight's historic Powerball jackpot has reached a whopping half-billion dollars and continues to grow. Andrea Canning reports on the frenzy for tickets in New York City.

    'There's still hope'
    The winning numbers were 5, 11, 22, 34, 40 with the “lucky stars” 9 and 11.

    A spokesman for Camelot, which runs the National Lottery, told NBC News that they were doing their best to publicize the existence of the unclaimed ticket.

    $500 million will buy you a lot of ... misery

    He said there was initially a publicity campaign in the Stevenage and Hitchen area, but this was now being expanded across the U.K.

    The spokesman said they had also taken the campaign to nearby Luton Airport, which offers flights to 90 destinations worldwide, including South Africa, Thailand, Morocco, Spain, Israel, Iceland, India and China – but not the U.S. or Canada.

    11 crazy things more likely to happen than winning Powerball

    He said the biggest lost prize in the lottery’s history was more than $14 million, but added that a $4 million prize had been claimed on the last day it was available in 2009.

    “While there’s still time, there’s still hope,” he said.

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    10 comments

    The money will go to a "Good Cause"... I guess, If you call the UK Government a good cause!

    Show more
    Explore related topics: featured, england, lottery, prize, euromillions, stevenage, good-causes, hitchen
  • 22
    Oct
    2012
    11:10am, EDT

    UK lottery winners reveal preferences: Audis, Jacuzzis and vacations in US

    By Peter Jeary, NBC News

    LONDON -- Less than 60 percent of millionaires who have won big in Britain’s National Lottery have immediately quit work after scooping a seven-figure sum. And, surprisingly, almost one in five continued to work, despite the life-changing cash, according to a new study.

    When it comes to spending it, the most popular make of car bought by lottery winners was an Audi, almost a third of winners had a Jacuzzi installed in their home, and their favorite vacation destination was the United States, where they usually stayed in a five-star hotel.

    The revelations come in an analysis of the spending and investments of the 3,000 lucky winners of £1 million ($1.6 million) or more since Britain’s National Lottery launched in 1994.


    The study, released Monday, was commissioned by Camelot, the company that operates the National Lottery and analyzed by the U.K. financial consultancy Oxford Economics.

    'A ripple effect'
    It paints a picture of generosity cascading down the family tree. The 3,000 winners have made a further 3,780 millionaires among children, other relatives and friends.

     "The effect of a win spreads much further and wider than we anticipated ... each win creates a ripple effect across this generation and very often the next," said Andy Logan of Oxford Economics.


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    The average win has been calculated to be £2.8 million ($4.48 million). If paid out in £10 bills and laid end-to-end, the sum would stretch 25 miles.

    At a time when Britain’s finances are suffering from a downturn, the findings suggest a welcome infusion of cash into the country's economy. Winners spent 98 percent of their winnings in Britain, contributing almost £750 million ($1.2 billion)  to the economy and generating over £500 million ($800 million) in tax receipts.

    Between them, the 3,000 winners have bought 7,958 homes, 17,190 new cars and 300 mobile homes in which to spend their leisure time.

    Complete World coverage on NBCNews.com

    But many millionaires have not opted for the easy life.

    The study identified 900 British businesses that have been started or supported by winners, employing more than 3,000 people. Almost one-third have taken up unpaid voluntary work as a way of passing the time.

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    2 comments

    If I win the lottery, I'll immediately spend half of it on wine, women and song. The other half I'll squander.

    Show more
    Explore related topics: featured, britain, united-kingdom, lottery, millionaires, national-lottery
  • 4
    Oct
    2012
    6:13am, EDT

    Ex-Philippines President Gloria Macapagal Arroyo arrested in lottery case

    Romeo Ranoco / Reuters, file

    Ex-Philippines President Gloria Macapagal Arroyo is escorted by an aide after visiting her parents' graves on July 27. She ended about seven months of detention at an army hospital in July after posting bail on election fraud charges.

    By Reuters

    Follow @NBCNewsWorld

    Updated at 8:50 a.m. ET: MANILA -- Former Philippine President Gloria Macapagal Arroyo was detained on Thursday on charges of plunder, a crime that carries a maximum penalty of life in jail, in one of a series of corruption cases brought against her.

    Less than three months after she was released on bail following about eight months in detention on charges of election fraud, the latest charge against the ailing Arroyo involves the more serious offence of misusing state lottery funds.

    "When we arrived at the hospital, she was lying on the bed with an IV attached to her," Senior Superintendent Joel Coronel, chief of the Criminal Investigation and Detection Group, told reporters. Arroyo, who suffers from a spine condition, was being treated for dehydration.

    Philippines city restores Imelda Marcos' shoe collection after flood damage

    Coronel said Arroyo, 65, was "very cooperative" when police took her fingerprints and photos.

    The Ombudsman's office alleges that Arroyo and her co-accused unlawfully acquired and accumulated public funds amounting to 366 million pesos ($8.8 million) by diverting lottery funds for personal gain.

    Another former Philippine president, Joseph Estrada, was pursued by the Arroyo administration under the same Plunder Law. He was found guilty and sentenced to life in prison, but was pardoned a short time later.

    Philippines takes on Catholic church to push birth control, sex education

    Aaron Favila / AP

    Sandiganbayan Executive Assistant Florecal Sebastian shows a copy of the Order of Arrest on Thursday.

    Coronel said Arroyo would remain under confinement at the army hospital where she was held earlier this year.

    Arroyo, president from 2001 to 2010, is unlikely to escape detention this time around as the charge under the Plunder Law is a non-bailable offence.

    Arroyo also faces allegations of graft over an aborted $329 million national broadband deal with China's ZTE Corp. in 2007. She denies all charges and posted bail on both cases.

    President Benigno Aquino's pursuit of charges against Arroyo and the Philippines' success in kicking out her allies -- the Ombudsman and the Supreme Court chief justice -- all within a span of about a year have been cheered by investors as clear signs that the government is serious in its anti-graft agenda.

    Arroyo was stopped last year by government agents at Manila's main international airport as she was on her way to board a plane for overseas medical treatment. 

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    Copyright 2013 Thomson Reuters. Click for restrictions.

    12 comments

    LOL someone will pardon her like what someone did to estrada, corruption will continue ...

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    Explore related topics: featured, court, philippines, arrest, lottery, graft, gloria-macapagal-arroyo
  • 4
    Mar
    2012
    5:55pm, EST

    Teen told to clean his room finds winning lotto ticket

    By msnbc.com staff

    A teenager in Scotland who was told to clean his room last month discovered more than just dirty socks: He found 12 lottery tickets, among them, a winner.

    STV in Scotland reported that after his mother nagged him for weeks, Ryan Kitchin, of Penicuik, discovered the stub but didn’t know he had picked a lucky combination of five numbers and the bonus ball for the Feb. 8 draw.

    "I was about to bin them but at the last minute I got this strange feeling that I should get them checked,” Kitchin, 19, told the Telegraph of London.


    Instead, he brought the tickets to Tesco, the supermarket store where he works part time.

    At work, a colleague checked the numbers and named him a winner -- although Kitchin couldn’t tell how much he was about to pocket. A call to the lottery operator Camelot revealed that he won £52,981, or $83,781.

    “I had to phone up Camelot and the woman was asking me lots of questions, and I just wanted her to get to the point,” he said, according to the Mirror. “When I gave her the last number of the serial code, she said I had won £52,981. I just couldn't believe it.”

    Kitchin’s plans? To pay off his car loan and take his mom on a much-needed vacation.

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    143 comments

    Always nice to read something good in the news.

    Show more
    Explore related topics: featured, scotland, lottery
  • 22
    Dec
    2011
    7:29am, EST

    Andrea Comas / Reuters

    A woman wearing shoes and a dress adorned with old lottery tickets attends the draw for Spain's Christmas Lottery in Madrid on Dec. 22, 2011.

    Lucky feet? Spanish Christmas lottery dishes out billions

    The Associated Press reports from MADRID:

    Days before Christmas, a tiny town of 2,000 in cash-strapped Spain found itself richer by €720 million ($940 million) Thursday after scooping the top prize in the nation's famed Christmas lottery.

    Billed as the world's richest, the lottery dishes out some €2.52 billion ($3.29 billion) to winners across the nation. Continue reading.

    Meanwhile, in Greece, the economic crisis has spurred gold fever, The AP reports, with more and more Greeks finding solace in tales of buried riches and picking up shovels in search of treasure.

    Comment

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    Explore related topics: economy, spain, gambling, lottery

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