2.7 billion euros to be won: the crazy sum at stake this Sunday in Spain for the traditional El Gordo lottery

This event, which has been going on since 1892 and whose draw takes place every December 22nd in Madrid, is an extremely popular tradition in Spain, where many families, groups of friends or colleagues buy tickets together (sold for 20 euros each), or give them as an end-of-year gift.

2.7 billion euros. This is the crazy sum at stake this Sunday, December 22nd in Spain for the “El Gordo” lottery, the most generous in the world.

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This event, which has been going on since 1892 and whose draw takes place every December 22nd in Madrid, is an extremely popular tradition in Spain, where many families, groups of friends or colleagues buy tickets together (sold for 20 euros each), or give them as end-of-year gifts.

Scenes of joy and hugs

The draw, during which the winning numbers are sung by children from a school in Madrid, is broadcast live on television and the results are front-page news in all the media. The TVs usually broadcast scenes of joy and hugs in front of the ticket offices that have sold the winning numbers.

The “Gordo”, whose principle is quite complicated, has a unique feature that makes it charming in the eyes of the Spanish: families, friends, work colleagues or members of sports clubs usually get together and bet on the same number in order to share the winnings if their number comes up.

The “décimo”

This practice is made possible by the fact that each number can actually be bought by 1,850 different people for 20 euros: it is the “décimo” (tenth), so named because it constitutes the tenth part of what the national lottery considers to be a ticket worth 200 euros.

When a ticket wins the “Gordo”, the windfall is four million euros, and a player who spent 20 euros on a “décimo” will therefore receive 400,000 euros. There are 185 jackpots of four million, plus a multitude of smaller winnings.