The draw for Spain's $2.7 billion "El Gordo" lottery starts.

The "El Gordo" lottery, one of Spain's most recognizable events, marked the beginning of the holiday season on Thursday (The Fat One). The most coveted award pays winners of winning 20-euro cards, called as décimos, 400,000, or roughly 325,000 euros after taxes. Following tradition, students from San Ildefonso school call out the winning ticket during a broadcast live draw at Madrid's opera theatre.

 

[GamblingBoy]

Many Spanish students have been benefited a lot from this coveted event hold by El Gordo Lottery. Many people went home with a lot of prizes ranging from €325,000 to €400,000. What I dislike about the event is the participation of students in the event.

 

[Julio88]

It is all kicking off at this moment in time. El Gordo is a kottery with a prize money of extreme magnitudes attached to it as a reward for the winner. If it is possible, gamblers can participate and stand a chance of being a beneficiary of this whopping amount.