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Spain's El Niño Lottery Could Boost Revenue to €770 Million

1/7/2026

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Summary

Story summary

The El Niño lottery in Spain could generate €21.45 million more revenue if all tickets are sold, lifting the total prize fund to €770 million.
Only the top two prizes are taxed, and winnings below €40,000 remain tax-free.
Concerns have arisen over rising prizes for legal entities and non-residents, prompting calls for stricter scrutiny to prevent tax evasion.
Experts advocate lowering the tax-exempt threshold to increase state revenue.

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Story summary

The El Niño lottery in Spain could generate €21.45 million more revenue if all tickets are sold, lifting the total prize fund to €770 million.
Only the top two prizes are taxed, and winnings below €40,000 remain tax-free.
Concerns have arisen over rising prizes for legal entities and non-residents, prompting calls for stricter scrutiny to prevent tax evasion.
Experts advocate lowering the tax-exempt threshold to increase state revenue.