Spain holds annual Christmas El Gordo lottery draw

Dec 22, 2013, 9:01 pm (8 comments)

El Gordo

The winners of Spain's cherished Christmas lottery — the world's richest — celebrated around the country Sunday, a moment of joy and relief after another year of a brutal financial crisis.

Millions had been glued to their televisions on Sunday as 2.5 billion euros (US$3.4 billion) in prize money was distributed. The drawing is so popular that most of Spain's 46 million people watched at least part of the live four-hour show, hoping they would hear their ticket as school children called out the lucky numbers.

Unlike lotteries that offer one large jackpot, Spain's yuletide drawing sprinkles a variety of winnings on thousands of ticketholders.

The top prize — known as "El Gordo" (The Fat One) — gave lucky winners 400,000 euros ($546,200) per ticket Sunday, while the second-best number netted them €125,000 ($170,700).

However, this year for the first time, the tax man will claim 20 percent of winnings above 2,500 euros ($3,400), as the Spanish government strives to right an economy saddled with a sky-high unemployment rate of 26 percent.

Winning El Gordo tickets this year were sold in at least eight locations throughout the country, including Madrid, Barcelona and the northern industrial city of Modragon, where large electrical appliance manufacturer Fagor Electrodomesticos filed for bankruptcy in October.

El Gordo winner, Raul Clavero, 27, a mechanic living in the Madrid suburb of Leganes said he had been watching the drawing in bed when he realized he'd won.

"We jumped out of bed and ran out," he said, adding that he would "pay the mortgage, that's the first thing, and then just enjoy the rest."

Clavero said he was one of five members of his family who had bought the same number ticket.

The entire lot of second-prize tickets — worth 1.3 million euros ($1.7 million) — was sold in the town of Granadilla de Abona on the Canary Island resort of Tenerife.

Among the audience watching the draw in person at Madrid's Teatro Real Opera House was Jesus Lorente, who said he bought his second-prize ticket at a gas station in Granadilla de Abona.

The beaming 27-year-old caterer said he would use his winnings to "plug gaps" in his personal finances.

Before Spain's property-led economic boom imploded in 2008, ticket buyers often talked of spending their winnings on new cars or second homes by the beach or going on fancy vacations. Now many Spaniards are just hoping to avoid having their homes or cars repossessed.

"The ticket is stored in a safe place at home," Lorente said.

AP

Comments

DDOH937's avatarDDOH937

I dont understand!!!! lol..

rcbbuckeye's avatarrcbbuckeye

Quote: Originally posted by DDOH937 on Dec 22, 2013

I dont understand!!!! lol..

What don't you understand?

DDOH937's avatarDDOH937

Quote: Originally posted by rcbbuckeye on Dec 22, 2013

What don't you understand?

hahaha, i was really just kidding and being silly. But since you asked, how many total people get prizes? It mentions the highest payout but no mention of the median, lowest payout or number of people receiving each? Seems like an awful lot of money ($3.4 BILLION) to be divided up when considering that the highest/top prize is only $500K and second prize is a mere $170K.

maringoman's avatarmaringoman

This year I decided to not play but I did run an experiment. I went to the online vendor that was selling these tickets and selected 5 numbers. and wrote them down. It would have cost me $215.75 The numbers were 72572, 43385, 87195, 94496, 65668. Today when I checked the numbers against the drawn numbers I realized I would have won € 20 or $27.39. I saved about $190 by not playing.

TheGameGrl's avatarTheGameGrl

Congrats to the winners!!

 

I cringe at the American fallacy of "saving"...its a marketing gimmick that the average person gets vacuumed into. I took accounting and you are either "spending" it, but rarely is their a column that says "saved three dollars on groceries". It just means you didnt "spend" as much....

psykomo's avatarpsykomo

Quote: Originally posted by TheGameGrl on Dec 23, 2013

Congrats to the winners!!

 

I cringe at the American fallacy of "saving"...its a marketing gimmick that the average person gets vacuumed into. I took accounting and you are either "spending" it, but rarely is their a column that says "saved three dollars on groceries". It just means you didnt "spend" as much....

TGG:

Thumbs UpI Agree! Thumbs Up

                 GOD US Flag BLE$$

EL Gordo on D boat 2 AMERICA soon!!!

bring on D BULL's 2>>>>>>>>>>>>

                         Jack-in-the-Box

maringoman's avatarmaringoman

Quote: Originally posted by TheGameGrl on Dec 23, 2013

Congrats to the winners!!

 

I cringe at the American fallacy of "saving"...its a marketing gimmick that the average person gets vacuumed into. I took accounting and you are either "spending" it, but rarely is their a column that says "saved three dollars on groceries". It just means you didnt "spend" as much....

The English language clearly states that the opposite of spending is saving or "holding" and "setting aside." Look it up Cool

jamella724

What a great christmas gift, especially to the winners. And for a 20% tax rate this will be a huge help for the economy of Spain. Lottery continues to bring surprises to people even on christmas day.

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