The Spanish Christmas Lottery prize, El Gordo, the ‘big one’, is the largest lottery in the world, with a prize pool this year of U.S. $3 billion (€2.3 billion).
Getting in on the action isn’t cheap. Tickets are €200 each, but they are also sold in décimos at €20 each, which accordingly only pay out 10% of the win.
The odds of some sort of win are good though, with around 18% of participants winning something.
Apparently 98% of Spaniards have a stake in El Gordo, and on average they each spend around €70 each on tickets.
$3 Billion Lottery Prizes
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'El Gordo' Spanish Christmas Lottery
- By: Cecilia BiemannNov 26, 2008