You’ve probably heard of the famous Spanish Lottery at some point or the other. This
lottery is immensely popular worldwide, and is widely considered to be the best lottery
available for various reasons.
Reasons for the popularity of the Spanish Lottery
Payment ratios - The first and most obvious reason behind the popularity of the Spanish
lottery is its high defrayment ratio. About 70% of the amount of money generated
from the acquisition of tickets is used for prizes. This is the highest percentage
that can be found anywhere. The high percentage of emission also increases the likelihood
of winning a prize. Thus, the Spanish lottery provides the most generous chances
of winning. The odds of winning in the Spanish Lottery are as high as six to one.
Government’s approval - The Spanish lottery is endorsed by the government of Spain.
This provides it with international credibility and security. There are very few
governments that actually endorse lotteries.
Tax free - Another advantage of the Spanish lottery is that the paid prizes are permanently,
free of tax.
Multiple tickets can be sold - Because of the limited amount of tickets (the lottery
does not sell anything beyond the 00000 to 99999 gap) and the high percentage of
people who are interested in buying the tickets, more than one ticket can be sold.
Buy a fraction of the ticket - People who cannot afford to pay the full prize for
ticket can buy a fraction of it. The fractions are calculated in tenths (decimos).When
the prizes are awarded, the cash is divided according to each person’s purchased
fraction. For instance, if you wanted to buy a ticket but could only pay for 2/10th
of it, another person purchases 5/10th of it and a third acquires the remaining 3/10th.
The resultant payment, if the ticket won a €1,000 prize would be €200, €500 and €300
respectively. This method is very commonly used in bars, villages and shops selling
tickets. It is due to this very system, when the results of the Spanish Lottery are
announced it is not uncommon to hear of an entire village being predominated winners.
El Gordo – Spanish Lottery available worldwide
There are numerous Spanish lotteries available in Spain, but the one celebrated during
Christmas known as the El Gordo is by far the most popular. The prizes awarded during
the El Gordo are the largest. In 2006, the cash prizes were reported to be in excess
of €2 billion.
For many years, the Spanish lottery was available only to Spanish citizens. This
has now changed. Now, no matter what your citizenship may be, you can easily participate
in this internationally acclaimed lottery. There are syndicates available where you
can purchase your Spanish lottery ticket easily.
As you can see there are plenty of reasons why the Spanish Lottery is so popular.
Moreover, its easy availability makes it easy for anyone to revel in this exhilarating
experience.
