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How much is El Gordo in the lottery worth?

How much is El Gordo in the lottery worth?

Different from other lotteries that have only a few big winners, “El Gordo” (the “Fat One”) shares the wealth of its €2.4 billion pot with thousands of winners nationwide. The biggest prize is worth €4 million.

How does the Spanish El Gordo lottery work?

For El Gordo you buy a pre-printed ticket with your number. There are 100,000 different numbers in the Spanish Christmas lottery. These 100,000 numbers range from 00000 to 99999 and are on the lottery balls which tumble around inside a giant rotating drum on the day of the El Gordo lottery draw.

Can foreigners play El Gordo?

The Spanish Christmas lottery El Gordo (Loteria de Navidad) is one of the most highly anticipated events in the European Lottery calendar. If you want to take part in this lottery but are not based in Spain then you need not worry. Foreigners and resident Spaniards alike can buy tickets for this event.

Who runs El Gordo?

the Spanish lottery
The top prize was 400,000 euros. Dating to 1812, the lottery has become a major part of Spain’s festive calendar, developing an array of traditions over the years. El Gordo is run by the Spanish lottery, and after the winners are paid, the proceeds fund the state budget.

How many people win the Gordo?

72897
The winning number in this year’s Christmas lottery – popularly known as El Gordo (The Fat One) – is 72897.

What are the odds of winning El Gordo?

1 in 100,000
Chances of winning El Gordo are 1 in 100,000, that is 0.001%, while chances of winning the top prize of EuroMillions are 1 in 139,838,160 or 0.00000072%.

What are the odds of winning the Spanish lottery?

The overall odds of winning a prize in Lotería de Navidad are 1:6.5.

Who can play Spanish lottery?

Foreigners and non-residents can take part in the Spanish lotteries. Winnings over €2,500 are subject to a 20% tax.

How can I buy El Gordo?

You can purchase a ticket for El Gordo from any one of the many lottery outlets and retailers around the country. You can also purchase online, but this can sometimes be more expensive. You can still play the El Gordo lottery if you are not a Spanish resident, but will need to purchase a ticket online.

Where is El Gordo celebrated?

city of Madrid
Once December hits, the city of Madrid is flooded with Christmas tradition, and El Gordo is one of them! This is a tradition that goes beyond a simple lottery, it’s the second longest continuously running lottery in the world and as measured by the total prize payout is considered the biggest lottery worldwide.

Where does El Gordo take place?

Lottery outlets usually only sell tickets for one or two numbers, so the winners of the largest prizes often live in the same town or area or work for the same company. In 2011, El Gordo was sold entirely in Grañén, Huesca, a town with about 2,000 people.

What is El Gordo in the Spanish lottery?

Millions of Spaniards will pick up a lottery ticket (or several) in between running errands and holiday shopping, all eager to try their chance at the big jackpot, known as El Gordo (which literally means “the fat one”).

Why is the Christmas Lottery in Spain so popular?

The splitting of the prize money is what makes the Spanish Christmas lottery such a beloved tradition, as well as the root of the lottery’s slogan, “El mayor premio es compartirlo ” (“The greatest prize is sharing”). Many families or groups of friends will all chip in for a décimo to be shared among everyone. Sharing is caring!

How much do Spaniards spend on lottery each year?

Today, the average Spaniard spends even more than that amount on lottery entries every year— an average of €66. 16 per person, to be exact, according to the State Lottery Association. And El Gordo, naturally, has increased as well.

What is the biggest lottery in the world?

With billions of euros handed out in prize money every year, the Spanish Christmas lottery is the biggest in the world. Walk through the center of Madrid —or any Spanish city or town—this time of year, and you’ll already start to see this beloved tradition come to life.