El Gordo, Largest Christmas Lottery Worth $2.43 Billion To Be Won On Tuesday

Posted: Dec 22 2015, 8:43am CST | by , in News | Latest Business News


El Gordo
Photo credit: Getty Images

The largest annual lottery in the world, worth $2.24 billion euros ($2.43 billion) will be shared out in Spain on Tuesday with winners winning fat Christmas lotteries for the festive period.

Known as “El Gordo” or fatty or “the fat one,” this annual Christmas lottery is the largest in the world with almost three-quarters of Spain’s 46 million population certain to play the lottery. Individuals spend an average €70 to play the lottery.

The fatty Christmas lottery in Spain is the most famous in the world and dates back to as long as 1812, and the annual tradition was not even broken during Spain’s civil war.

Although a total $2.4 billion will be won at the annual lottery of El Gordo, it is so arranged so that no single individual will win the whole amount – Christmas is for sharing and so as many winners as possible will be allowed to win significant amounts. Winners sometimes comprise of joint friends and families, and these share the lottery award to make Christmas fun.

Barcelona Yellow, a travel website in Spain states that "The biggest winning ticket of the "el Gordo" Spanish Christmas is usually worth about 3 million euros in total, but what makes the Spanish Christmas lottery the biggest in the world, is that there are many winning numbers with prizes of smaller amounts."

And that is not all, the website goes on to add that "The El Gordo lottery pays out more lottery prizes than any other lottery draw in the world, which is why the Spanish Christmas lottery is the biggest lottery payout in the world. Almost everyone in Spain buys one or more tickets for "El Gordo" Spanish Christmas lottery with an average cost of 70 euros per person."

Drawing for the lottery holds at the Royal Opera House in Madrid. It commences by 9 am CET and everyone around the world can watch it live online and via TV on Tuesday morning.  

Apart from the main winnings, Lottoland, a lottery site in the UK reveals that there are other 14,304 prizes available for winning. The site enables British individuals to also place bets on the Spanish Christmas lottery, with players knowing they have 1 in 6 odds of winning fantastic prizes.

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The Author

<a href="/latest_stories/all/all/52" rel="author">Charles I. Omedo</a>
Charles is covering the latest discoveries in science and health as well as new developments in technology. He is the Chief Editor or Intel-News.




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