Spain's El Gordo Lottery
Spain's 200-year-old holiday lottery, 'The Fat One,' known as 'El Gordo,' delivered over $2.8 billion in prizes this year. The drawing took place at Teatro Real in Madrid, with multiple winners sharing top prizes. The lottery is a key part of the Christmas season in Spain.
Key Points
- Drawing held at Teatro Real in Madrid
- Originated in 1812 during the Napoleonic Wars
- Organized by the Spanish government
- Watched live on national television and livestreamed globally
- No single jackpot, winnings distributed among thousands
Pros
- Over $2.8 billion in prizes distributed
- Multiple winners sharing top prizes
Cons
- Complex system of distributing winnings