Property Point Marbella - El Gordo Christmas Lottery

The Spanish Christmas lottery, El Gordo or 'The Fat One', is the biggest lottery in the world and  one of the oldest, having started in 1812. While the first prize in 2005 was 'only' 3€ million, El Gordo has the biggest prize pool of any lottery in the world, last year totaling over two billion euros!
 
How the El Gordo Spanish Christmas Lottery Works
The Spanish Christmas Lottery works differently to most lotteries in the world. A whole ticket billete is very expensive, costing 200€ in 2005. However, these tickets are split up into ten decimos (tenths) costing 20€ each. When buying your tickets you have the choice of buying a single decimo, a whole ticket, or a fraction of your choice. If you don't buy the whole ticket, someone else will buy the rest of your ticket.

The Draw
El Gordo is drawn every December 22. The process is very long,taking more than three hours, so you will likely see people sat by their radios for much of the day, waiting for the results.
As the wealth is often spread out among a group of people rather than a single person, a win in a small
 community can have a profound effect on the local economy

So invest in a ticket and you could be having a very merry Christmas!

For information on properties to rent or buy go to www.propertypointmarbella.com