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Spain holds annual Christmas El Gordo lottery draw

El GordoEl Gordo: Spain holds annual Christmas El Gordo lottery draw
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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

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8 comments. Last comment 3 months ago by jamella724.
Page 1 of 1
DDOH937's avatar - Lottery-028.jpg

United States
Member #149603
December 4, 2013
174 Posts
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Posted: December 22, 2013, 9:16 pm - IP Logged

I dont understand!!!! lol..

"It's good to have money and the things that money can buy, but it's good, too, to check up once in a while and make sure that you haven't lost the things that money can't buy." - George Lorimer

    rcbbuckeye's avatar - Lottery-043.jpg
    Texas
    United States
    Member #55889
    October 23, 2007
    2975 Posts
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    Posted: December 22, 2013, 9:48 pm - IP Logged

    I dont understand!!!! lol..

    What don't you understand?

    CAN'T WIN IF YOU'RE NOT IN

    A DOLLAR AND A DREAM (OR $2)

      DDOH937's avatar - Lottery-028.jpg

      United States
      Member #149603
      December 4, 2013
      174 Posts
      Offline
      Posted: December 22, 2013, 10:35 pm - IP Logged

      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.

      "It's good to have money and the things that money can buy, but it's good, too, to check up once in a while and make sure that you haven't lost the things that money can't buy." - George Lorimer

        maringoman's avatar - kobold
        Massachusetts
        United States
        Member #37433
        April 14, 2006
        1797 Posts
        Offline
        Posted: December 22, 2013, 11:26 pm - IP Logged

        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.

        Alright, my turn.

          TheGameGrl's avatar - p42a
          Pennsylvania
          United States
          Member #17084
          June 10, 2005
          3100 Posts
          Offline
          Posted: December 23, 2013, 9:07 pm - IP Logged

          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....

          ________________________________

          Signature quote-If I'd agree with you , we'd both be wrong.

            psykomo's avatar - animal shark.jpg

            United States
            Member #4877
            May 30, 2004
            4488 Posts
            Offline
            Posted: December 23, 2013, 10:08 pm - IP Logged

            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 avatar - kobold
              Massachusetts
              United States
              Member #37433
              April 14, 2006
              1797 Posts
              Offline
              Posted: December 23, 2013, 10:58 pm - IP Logged

              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

              Alright, my turn.

                Avatar
                Texas
                United States
                Member #132460
                September 4, 2012
                483 Posts
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                Posted: January 19, 2014, 2:16 am - IP Logged

                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.