There are so many lotteries across the world that it's kind of difficult to know what ones really do pay off and which ones leave you penniless. Almost all lotteries are based on equations that dictate the outcome of the drawings and the odds of someone winning the big prize. Whether these lotteries are different from state to state in the U.S. or around the world, there's always one big drawing that will gain the attention of everyone wanting to have the chance at winning millions of dollars! The 2015 Spanish Christmas Lottery offers a very unique concept and through some research seems to be a really great opportunity to try out your luck!
This lottery is a really unique lottery option that has really caught on fire. The Spanish Christmas Lottery (Lotería de Navidad) delivered €2.24 billion in prizes last December 22, 2014. Almost 28 million players profited from the one in seven winning odds and many people really did win prizes. The lottery is predicting even higher winnings and chances for 2015 then at any other time. So let's take a closer look at the mechanisms that propel this lottery to attracting millions of people with millions of dreams.
The Spanish Christmas Lottery is drawing the attention of numerous commercials, news medias and individual reports during the months leading up to the big drawing for 2015. With approximately 98% of Spanish adults entering the lottery, millions of people will watch students of the San Ildefonso School singing out the winning numbers at the Lotería Nacional Hall in Madrid. As there are 15,304 ways of winning with each and every ticket, the event lasts around 3 hrs and continues on until the entire prize pool has given away!
How Spanish Christmas Lottery works?
There are 100,000 per-designated numbers that include five-digit codes that range from 00000-99999.
This lottery offers a huge prize pool worldwide of €2.24 billion and each ticket is printed in 160 identical codes.
All tickets are composed of 10 shares that can be purchased individually.
This is the really attractive breakdown of the equation: 100,000 tickets – 160 copies = 160 million shares on the market place! There are 1:100,000 chances of winning the grand prize of €4 million or 160 jackpot winners.
The appealing winning odds start off at 1:7 per prize. Adding to that, there are more than 24 million ways for someone to win.
About The World's Largest Raffle Jackpot:
The Spanish Christmas El Gordo Lottery, known locally as Lotería de Navidad is a national raffle that takes place annually. Believe it or not, this raffle started over 200 years ago in 1812 and always takes place over the Christmas season. This raffle is considered the world's largest lottery with over €2.24 billion in prizes, alluring winning odds that start at 1:7 for one prize along with over 27 million other ways you can win.
The History Of Lotería de Navidad:
The very first drawing took place in December, 1812 in the city of Cadiz. The idea was to increase state revenue for the public tax authority and has since been conducted by the Spanish Public Administration. For the first time in 1814, the drawing was held in Madrid and has since become the centre for the Spanish National Lottery drawings.
The Spanish Christmas El Gordo Lottery numbers are drawn in a completely different way then any other lotteries around the world. The students from the San Ildefonso School draw the winning results and sing the numbers to the public at the Lotería Nacional Hall in Madrid.
The Rules For Lotería de Navidad:
The Spanish Christmas Lottery prints 100,000 tickets/billetres with five-digit codes ranging from 00000-99999. Due to the popularity of this game, each ticket is in 160 copies. The tickets are then divided into 10 shares known as ‘décimos’ and then purchased individually. This chosen formula explains the enormous amount of shares available for December 22, 2015's drawing.
100,000 tickets + 160 copies + 10 shares = 160 million shares.
Keep in mind, the distribution of prizes, the number of tickets and shares and the cost may vary from one year to another.
Here's a look at previous years and their equations:
2004: there were 66,000 variations of five-digit numbered tickets with 195 copies.
2005: The number of tickets for sale came to 85,000 that offered 170 copies.
2011: 99,000 tickets were printed in 160 copies.
Winning The Lotería de Navidad El Gordo:
Breaking it down, The Lotería de Navidad El Gordo offers unparalleled odds of winning starting off at 1:7 to win the prize pool of €2.24 billion. The big prize in this raffle is €4 million with chances of winning set at 1:100,000, that is approximately 1,160 times better than the odds of winning the EuroMillions Jackpot!
Should a player hold all 10 shares of the 1st prize winning ticket, they are eligible to claim the €4 million jackpot which is approximately $1.5 Million U.S. Dollars in winnings. Lotería de Navidad will award a total of €640 million in jackpot prizes to all 160 tickets with winning codes.
Approximately 98% of Spanish adults will take part in the Spanish Christmas El Gordo Lottery, even if they rarely or never participate in other local or global lotteries. At this time, it is believed that more than 27.5 million players will collect prizes from the 15,304 possible winning combinations with each ticket for 2015. With percentages this high, there seems to be a very strong belief that even if you do not hit the jackpot, everyone walks away with something.
The number of tickets that will be available for this raffle will become limited as the drawing gets closer to the closing date of December 21, 2015. If you considering joining in on the opportunity to strike it rich, you need to get your tickets as soon as possible. Obviously, as time moves toward the dead-line, there are going to be fewer opportunities to get your hands on remaining tickets.
This lottery offers a lot of winning opportunities with great outcomes. So if your dreams are to become a big winner in a major lottery, this one seems to offer some really great odds! Unlike any other lottery throughout the entire world, Lotería de Navidad seems to really pay out!