Thursday, November 24, 2011

Spaniards Queue for El Gordo

Despite the economic crisis, the Spanish lottery operator Loterias y Apuestas del Estado (LAE) is confident that sales for this year's El Gordo Christmas draw will match or even be larger than last year's sales. Proof of that are all the people lining up in outlets across the country trying to buy El Gordo tickets. This year, the El Gordo (Fat One or Large One, referring to the first prize) was increased to 4 million euros up 33% over last year.

The annual Christmas draw on December 22 is a 3 hour event shown live on television. With an estimated 90% of adult Spaniards having a share of a ticket, this is expected to have its usual large captive audience. Even with record unemployment, there is no shortage of people who want to buy a ticket. The smallest ticket share is 1/10 of a ticket and is worth 20 euros.



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