Spain’s centuries-old ‘El Gordo’ lottery is handing out nearly $2.9 billion in winnings this year

by | Dec 22, 2023 | Stock Market

MADRID (MarketWatch) — “Mil euros.” If you’re here in Madrid on Friday, then you won’t go far without hearing one of the kids from the San Ildefonso school singing their way through the winning lottery numbers. This year, the lottery pot, which attracts players from all over the world, handed out €2.59 billion — more than $2.85 billion. An hours-long process sees the local high-school kids sing out winning numbers that are then verified by officials.

“El Gordo” — Spanish for “The Fat One” — gets its name from its status as one of the richest lotteries in the world. The drawing is always just before Christmas, and blasted out over the airwaves into houses and bars. Usually one can overhear it while strolling the streets of any Spanish town. The drawing at Madrid’s Teatro Real, which hosts opera performances and other cultural events, lures in all manner of festively attired attendees. All are toting their own Gordo tickets, of course. Lore has it that the luckiest tickets are those bought in a group, though individuals have been known to do a late dash on Dec. 21 and somehow — magically? — pick up a winn …

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[mwai_chat context=”Let’s have a discussion about this article:nnMADRID (MarketWatch) — “Mil euros.” If you’re here in Madrid on Friday, then you won’t go far without hearing one of the kids from the San Ildefonso school singing their way through the winning lottery numbers. This year, the lottery pot, which attracts players from all over the world, handed out €2.59 billion — more than $2.85 billion. An hours-long process sees the local high-school kids sing out winning numbers that are then verified by officials.

“El Gordo” — Spanish for “The Fat One” — gets its name from its status as one of the richest lotteries in the world. The drawing is always just before Christmas, and blasted out over the airwaves into houses and bars. Usually one can overhear it while strolling the streets of any Spanish town. The drawing at Madrid’s Teatro Real, which hosts opera performances and other cultural events, lures in all manner of festively attired attendees. All are toting their own Gordo tickets, of course. Lore has it that the luckiest tickets are those bought in a group, though individuals have been known to do a late dash on Dec. 21 and somehow — magically? — pick up a winn …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]

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