THE SPANISH CHRISTMAS LOTTERY VS POWERBALL...which is right???

The Spanish Christmas Lottery [1812] is the second longest running lottery in history, and so they have some real historical experience with operating a successful lottery.

They boast the LARGEST PAYOUT in the world at 70% and certainly do not suffer from lottery fatigue ie. where the public looses interest in participating.

On the contrary it has become an ANNUAL TRADITION!!!

There are some major differences but so many more winners and happy people who have a chance at improving their life circumstances, at least for the year!

COST: Each ticket is 200 Euro’s, which is quite hefty and definately a deterrant to purchase.

To overcome this, each ticket is often sold in 10th’s so then the price is 20 euro’s and the payout is 10%.

However another very significant difference is the concept of PARTICIPANTS.

Private companies and organizations also purchase tickets and then divide them up amongst employees and are used as a customer loyalty program.

With so many winners, there is a much more positive impact on the economy and the well being of the citizens.

ALSO THERE ARE MANY  COUNTRIES THAT DO NOT LEVY A TAX ON THE WINNINGS SUCH AS CANADA, AUSTRALIA, GERMANY, IRELAND, ITALY, NEW ZEALAND, FINLAND AND U.K.

As the amounts of the lotteries such as the POWERBALL increase there comes a time when changes need to be made, because that is what the consumer wants. 

MAY THE ODDS FOR ONCE BE IN THE CONSUMER’S FAVOR!!!

Sources: Wikipedia and The Spanish Christmas Lottery.