El Gordo de Navidad is the Spanish Christmas Lottery. It is a popular draw which is run by Spain’s state-owned Loterias y Apuestas del Estado.
The El Gordo de Navidad Draw of the Christmas Lottery has been distributing prizes since 1812. Let us take El Gordo de Navidad Review here in this post.
A ticket and a tenth in El Gordo de Navidad?
In the El Gordo de Navidad, a series could be defined as a set of 100,000 tickets for each of the numbers that participate. The draw has 170 series. And what is a ticket you will ask yourself? That formed by 10 tenths of the same number and belonging to the same series.
Of each number, ranging from 00000 to 99999, 170 tickets are marketed, which is why the State Lottery and Gambling organization issues 1,700 tickets for each number.
The 10ths are those solitary pieces of paper that one usually buys in the administration and with which one is usually more familiar. Each ticket costs 200 euros and, therefore, each tenth will cost 20.
Do not forget that the collection of your tickets has an expiration date – 3 months after the end of the draw. Once this time has expired, the unclaimed earnings will be pocketed by the authority.
Which prizes are taxed and which are not?
Since the regulations imposed in 2013 by the Government, the profits obtained in the first 3 prizes will have a withholding tax of 20% from the Treasury.
In this way, the figures that you will pocket if you take one of the big 3 will be the following: 322,000 euros to the tenth for El Gordo de Navidad, 102,000 euros for the second and 42,000 for the third.
If one of them were to touch you, you will not have to include it again in the income statement, income, or withholdings, as it is the State Lottery and Gambling organization itself that is in charge of withholding taxes for the Treasury.
Although you will have to declare the investments you made with the money throughout the year in the form of bank interest or through the estate tax. On the other hand, and thanks to the rule that entered into force on July 5, 2018, prizes of up to 20,000 euros will be free of charges so that the profits will be net.
What have been the luckiest numbers throughout history?
If you have not yet gotten your lucky number and you are still thinking about which to buy, here we provide you with some of the most awarded endings and combinations of figures throughout history.
Tickets ending in 5, and more specifically in 85, are traditionally the most awarded with El Gordo de Navidad throughout history, with 32 repetitions. Since the Extraordinary Christmas Draw began, back in 1812, only two numbers have been repeated: 15,640, it was El Gordo in 1956 and 1978, and 20,297, in 1903 and 2006.
The El Gordo de Navidad can be purchased, either online or at a physical point of sale.
We are sure, this El Gordo de Navidad Review will be helpful to you to know it better before you start playing on it.