'El Gordo' Spanish Christmas Lottery

 - Nov 26, 2008
References: holavalencia.net
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.