spain christmas lottery fares well in lean times
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Spain Christmas lottery fares well in lean times

Egypt Today, egypt today

Egypt Today, egypt today Spain Christmas lottery fares well in lean times

Madrid - AFP
With hundreds of people queuing in the cold to buy lottery tickets, Spaniards' favourite form of Christmas spending is thriving -- despite and because of economic hardship. "Even though there's a crisis, you always hope that you'll get lucky," says Ester Rubio, 21, who is unemployed, queuing in the cold outside Madrid's best-known lottery ticket shop, Dona Manolita. Consumer spending has fallen sharply in Spain since the start of the economic downturn in 2008, which has driven unemployment to more than 21 percent. But for Spaniards, Christmas is an exception and the belt-tightening is not squeezing the bumper festive lottery "El Gordo," or "The Fat One." "I have been saving money all year for this. I am buying tickets precisely because of the crisis. I will buy more than last Christmas," says Julie Garcia, 65, standing in the long ticket queue. "If I can win a bit of extra cash, we'll manage better," says Garcia, who plans to spend 80 euros on various tickets for her five children to share. According to a survey by consultancy Deloitte, Spaniards will spend an average of 668 euros on Christmas this year -- 13 euros more than in 2010 and 113 euros more than their neighbours in other European countries. Most of those questioned in the survey said they were spending more to take their minds off the crisis and to make the most of the holiday while economists are warning a new recession may be on the way. Over two centuries, the lottery has become a ritual for Spaniards, who share bets with friends and colleagues and gather round the television on December 22 to hear an assembly of schoolchildren recite the winning numbers. "The Christmas lottery is in Spaniards' genes," says Juan Antonio Gallardo, director of the National Lottery Company that runs the draw. "It is rooted in Spanish society and Christmas tradition," he adds. "Ticket sales in last year's Christmas draw made 2.7 billion euros. There is no other draw in the world that can sell that much." This year, he says total ticket sales are forecast at 3.6 billion euros, of which 2.5 billion euros will be shared out in various prizes, including several individual jackpots which this year are worth 400,000 euros. Four out of five Spaniards usually take part, spending an average of 60 euros each. "You can dream with El Gordo, the biggest ever," reads posters on ticket kiosk on Madrid's Puerta del Sol square, bearing pictures of an exotic beach. Many punters' aspirations are more down-to-earth. "To get rid of the mortgage," Marta Rodriguez and her husband Jaime Gonzalez respond in unison. At 25 years old, the couple have 30 years of repayments for their house stretching ahead of them. "Winning the lottery would help us," says Marta. "The first thing to do is get rid of the debts."  
egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

spain christmas lottery fares well in lean times spain christmas lottery fares well in lean times



GMT 07:49 2017 Wednesday ,23 August

GPIC honours employee for academic achievement

GMT 21:13 2017 Monday ,12 June

Saudi Minister of Oil says

GMT 11:11 2017 Saturday ,23 December

Sevilla sack cancer-stricken coach Berizzo

GMT 04:26 2012 Sunday ,27 May

Fahey ruled out of EUROs

GMT 18:06 2017 Sunday ,30 July

140 Jewish settlers storm Al Aqsa Mosque

GMT 14:44 2017 Thursday ,27 July

Heatwave continues Thursday, subsides over weekend

GMT 10:33 2017 Tuesday ,08 August

Egypt-Press-Headlines

GMT 13:32 2016 Saturday ,13 February

Fresh protests in Athens over pension reforms
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday