Spain dishes out $2.43 billion in bumper Christmas lottery | Latest World News - Breaking News & Top Stories
Spain dishes out $2.43 billion in bumper Christmas lottery

Spain dishes out $2.43 billion in bumper Christmas lottery

The Top prize per winning ticket is 400,000 euros ($436,000) but there are many smaller prizes too.

A man buys a Christmas lottery tickets from a street seller in Madrid, Spain, Saturday, Dec. 21,2019. Spain’s bumper Christmas lottery draw known as EI Gordo, or The Fat one will be held on Dec.22.

MADRID-Spaniards are gripped to their television sets, radios and mobile phones, And it is hoped that with the Christmas lottery, the nation holds its bumper Christmas lottery will be rich with its wealth.

The incredible popular lottery, known as EI Gordo (The Fat One), will dish out 2. 24 billion euros ($2.43 billion) in prizes this year.

The Top prize per winning ticket is 400,000 euros ($436,000) but there are many smaller prizes too.

other lotteries have large individual top prizes but are considered to be the richest place in the world for the EI Gordo, and its total holding money involved held on December 22 each year.

Children from Madrid’s San Ildefonso school call out the prizes on a nationally televised drawing that begins around 9:00 a.m. (0800 GMT) at Madrid’s Teatro Real opera house.

Under the tradition of winter holidays, family and friends buy tickets.

The lottery is run by the state and supports a number of welfare efforts.

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Bilal Ali
Bill founded Byte Bell with an aim to bring relevant and unaltered news to the general public with a specific view point for each story catered by the team. He is a proficient journalist who holds a reputable portfolio with proficiency in content analysis and research. With ample knowledge about the finance and education industry, Bill also contributes his knowledge for the Finance and Education section of the website.
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