El Gordo holds annual Christmas drawing, awarding billions

El Gordo holds annual Christmas drawing, awarding billions

MADRID, Spain — People fortunate sufficient to carry tickets with the quantity 71198 have been blessed with hundreds of euros in prize cash in Spain’s bumper Christmas lottery Friday.

Children from Madrid’s San Ildefonso college known as out the highest prize quantity 3 hours after the much-followed, nationally televised draw started round nine a.m. (0800 GMT) at Madrid’s Teatro Real opera area.

The lottery, referred to as El Gordo, or The Fat One, will dish out 2.four billion euros (US$2.eight billion) in prizes this yr.

Despite the large amount of cash awarded, no one will get ultra-rich from El Gordo. It is named a lottery, however is in truth extra comparable to a gamble, by which the prize cash is unfold out quantity hundreds of successful tickets.

Still, El Gordo, held every Dec. 22, is described by way of many because the “world’s richest” because of the full prize-money concerned.

The most sensible prize in step with successful price tag is 400,000 euros (US$473,000) and there are a number of smaller prizes too.

Each price tag — costing 20 euros — is in most cases now not offered as one unit. Tickets are damaged into ten portions, known as Decimos, offered for two euros every. So one decima that wins the highest prize can be value 40,000 euros.

People historically chip in in combination and purchase stocks of a number of or many tickets amongst pals, households or workmates in one of the vital in style Christmas customs in Spain.

Lines shape outdoor lottery cubicles weeks forward of the draw and other people music in throughout all media to determine if they’re a number of the fortunate ones in a draw that dates again to 1812.

Spain arrange its nationwide lottery as a charity in 1763, all over the reign of King Carlos III, however later its purpose shifted towards filling state coffers.

Organizers mentioned price tag gross sales totaled 2.eight billion euros (US$three.three billion) this yr, up three % from closing yr.

News story photo(Click to show full-size in gallery)

Updated: December 22, 2017 — 8:54 pm

Leave a Reply

Your email address will not be published. Required fields are marked *