Spain’s Christmas lottery, El Gordo, or the Fat One, has taken place. An annual television draw that grips the country, it is the world’s biggest single gambling event. There is a total prize pool of more than two billion euros and hundreds of cash prizes. This year’s jackpot was worth three million euros, to be shared out among numerous people.
The Christmas lottery was created by the royal family in 1812. Its popularity lies in the fact that instead of a few people walking away with big money, it is estimated that half the country wins something. The distribution of tickets is more complicated than traditional lotteries, with series of tickets sold and then divided up amongst groups or individuals. Spaniards spent on average 70 euros on tickets this year.