|Posted: April 17, 2006, 7:50 pm - IP Logged|
From the book Infinite Financial Freedom
What To Do Before And After You Win The Lottery
Rob Sanford CFP
The World's Largest Lottery
By far the World's largest single lottery evebt is Spain's so-called Navidad (El Gordo).
As you might suspect from its name, this lottery is held a few days prior to Christmas every year in Madrid, Spain.
Over the span of just a few days, Spain awards over, $1,000,000,000 (in U.S. dollars) in prizes.
Over 90 individual prizes each totalling over $2,500,000 apiece (again in U.S. dollars) are given away as part of the celebration.
In some cases, the citizens of an entire town pool thier funds to buy into the Navidad.