Spain’s ‘fat’ lottery delivers hefty $2.8 billion prize in centuries-old Christmas tradition
With more than $2.8 billion in rewards warbled out by schoolchildren and broadcast live across the globe, Spain's 200-year-old holiday lottery, "The Fat One," provided a substantial jackpot once again this year.
The nation's premier opera house, Teatro Real, in the capital, Madrid, hosted the yearly drawing for "El Gordo" on Sunday.
It has no single prize, in contrast to many lotteries, and the winnings are dispersed among thousands of participants via a sophisticated algorithm. Families, coworkers, and acquaintances frequently join together throughout the nation by pooling their funds to purchase tickets.
Since stores often only sell one or two numbers and multiple tickets with the same number might be sold, the people who win the biggest rewards frequently reside in the same area.
With o...