Last Update 15:24
Monday, 14 October 2019

Spain handing out $3B in planet's biggest lottery

AP , Monday 22 Dec 2014
Views: 1018
Views: 1018

The drawing is underway in Spain for the world's biggest lottery payoff, a 2.5 billion-euro ($3 billion) pot of cash that will be divided among thousands of ticketholders.

The top prize for this year's "El Gordo" (The Fat One) drawing are tickets that will win 400,000 euros ($490,000). Many more people who bought 20-euro ($24) tickets will take home smaller amounts.

Unlike lotteries that offer one large jackpot, Spain's Christmas season lottery distributes winnings to thousands.

It's the world's richest lottery. Spaniards are glued to televisions as awards are announced in a program that often lasts four hours.

Before Spain's economic implosion in 2008, winners often splurged on new cars, beach homes or vacations. Now many use winnings to pay off debt.

Short link:


Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.

© 2010 Ahram Online.