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El Gordo, which translates to "The Fat One," is a Spanish lottery game with a long and storied history. First established in 1763 by Marquis of Esquilache, El Gordo has evolved into one of the most prominent lottery games in Spain, as well as one of the oldest still in operation worldwide. The most famous El Gordo drawing occurs annually during the Spanish Christmas Lottery, or "Lotería de Navidad," which is widely considered the world's largest lottery in terms of the total prize pool.

The Spanish Christmas Lottery is unique in its format and rules. Instead of players choosing their own numbers, they purchase pre-printed tickets with a five-digit number ranging from 00000 to 99999. Each ticket is printed multiple times, in a series called "billetes," and each billete is then divided into ten "decimos" (tenths). Players can either buy a whole billete or a decimo, which entitles them to a tenth of the prize if that number is drawn.

The drawing takes place on December 22nd each year, and it is a major event in Spain, with many people tuning in to watch the live broadcast. The prize structure consists of several tiers, with the top prize, known as "El Gordo," being the most sought-after. Multiple smaller prizes, called "La Pedrea," are also available for those who match various combinations of the winning numbers.

The prize pool for the Spanish Christmas Lottery is immense, often reaching several billion euros. The top prize, El Gordo, typically awards around €4 million per winning billete. However, since each five-digit number is printed multiple times, the total prize for El Gordo can reach up to €720 million, distributed among all the winners holding the same number.

The El Gordo de Navidad has seen many massive wins throughout its history. In 2020, for example, the total prize pool reached a staggering €2.4 billion, with El Gordo awarding €4 million to each winning billete. It is worth noting that these amounts can change from year to year, so it's essential to consult the official Spanish lottery website or other reliable sources for the most up-to-date information.

In conclusion, El Gordo is not only a lottery game but also a deeply ingrained cultural event in Spain. Its impressive prize pool and unique format make it an exciting and eagerly anticipated yearly tradition for many Spaniards, as well as lottery enthusiasts worldwide.

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