No one victor gets all $2.4 billion from El Gordo – the top prize is actually €4,0o0,000 (4,000,000 Euros, or about $4,386,000), awarded 160 times, according to the Telegraph. With a one in six chance of winning at least some prize, coupled with the holiday season, participation is high in the drawing.
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It has been estimated that 75 per cent of adult Spaniards play the Christmas lottery and the state company which organises The Fat One reckons that this year each Spaniard will spend an average of €62.72 on tickets.
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Pools of office workers and friends often split each number with the final prize being shared out accordingly.
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Lottery fever gripped Spain on Tuesday as thousands celebrated wins in the El Gordo lottery draw with prizes totaling 2.24 billion euros ($2.45 billion), bringing relief from political woes after an inconclusive election. The number appeared on 1,600 tickets, known as ¿decimos¿ (tenths) with each holder winning 400,000 euros ($434,800).
While other national lotteries (and, in the US, state and multi-state lotteries, such as Powerball and Mega Millions) offer bigger top prizes, El Gordo has the most money poured into it, and the most money poured back out, after the Spanish government’s 30 percent take off the top. The town has an unemployment rate of 31 percent – compared to 21 percent for Spain as a whole.
The Gordo lottery first took place in Cádiz in 1812 and has not missed a year since, even continuing through Spain’s civil war between 1936 and 1939.
“I’m really happy and I congratulate all the winners”, Mayor Gabriel Amat told the Voz de Almeria newspaper.
El Gordo tickets are sold in many lottery sites around the country and shell out different winnings – but this year the top tickets were sold entirely by one lottery agent.
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A worker opens a trap-door in a giant drum to let the balls bearing ticket numbers fall into a lower compartment before the start of Spain’s Christmas lottery, in Madrid, Tuesday, Dec. 22, 2015.
