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El Gordo de Verano is the summer equivalent of Spain’s huge Christmas lottery El Gordo. The Spanish Summer Lottery offers excellent chances of winning, with 70% of ticket revenue placed back into a staggering prize pot of €120 million or more (approx. R2 billion). This annual event is held on the first Saturday of July.
What is the difference between El Gordo de Verano and El Gordo?
Spain’s world renowned Christmas Lottery El Gordo, also known as El Gordo de Navidad, is drawn once a year in December. El Gordo de Verano is the summer version of this draw.
When does it take place?
The draw takes place once a year on the first Saturday in July. The draw for the first prize tier normally takes place by 1pm (CET), with subsequent draws for the lower prize tiers happening one after another. As there are so many different prize tiers this can take a while!
How do I bet on El Gordo de Verano at Lottoland?
You can choose to buy a whole stake, which will entitle you to the entire prize tier amount should your 5 digit number be drawn. You can also purchase a share at a fraction of the cost. So, should your number come up, and you purchased a 1/10th share you’ll receive 1/10th of the prize for that tier. It’s also possible to buy 1/100th of a stake for which you will receive an equivalent share of the prize pot.
How much does it cost?
An entire stake costs R5,000.00. A 1/10th share costs R700.00 and 1/100th costs R100.00.
What does ‘El Gordo’ actually mean?
A quick google translate will reveal that El Gordo means the ‘fat’ one. Which is more than apt as it is certainly a very big draw with a huge prize pot!
How big is the collective prize?
El Gordo De Verano, on average, boasts a collective prize of around €120 million each July. Much like it's Christmas-time cousin it gives you great winning odds – an unparalleled 35% chance of winning!
What are the chances of winning?
As mentioned in the previous FAQ, El Gordo de Verano offers a win ratio of over 1 in 3 at around 35%! This is considerably higher than the vast majority of lotteries.
How much can I win?
The total amount you can win depends on whether you purchased a whole stake or a share. It also depends on the prize tier at which your number was drawn out.
Why should I play the Spanish Summer Lotto?
As with the Christmas El Gordo, the Spanish Summer Lotto offers exceptional chances of winning. The draw is hugely popular in its native Spain, with the clamour for tickets at fever pitch in the run up to the draw. How much or how little you want to get involved is also up to you. You can buy a full stake at a higher price and increase your chances of landing a major windfall, or you can buy a share for much cheaper and still retain a high 1 in 3 chance of winning a prize.
Is the payout guaranteed? How do I know?
At Lottoland we can guarantee you will be paid out on your winnings - regardless of the amount.At Lottoland you bet on the outcome of the official draw. For all intents and purposes you will have the exact same customer experience as if you were playing the official lottery. The key difference is that we take your bet and we pay you if you win. We are able to achieve this in two ways.
For smaller prize tier payments we make the payment directly from the fund we have from the total ticket sales.
In order for us to make the larger prize tier payments we take out insurance policies to cover the eventuality of a Jackpot win or a substantial payout on the Lotto ticket. Part of the Lotto ticket price you pay goes towards the payment of this policy.
We are registered with and regulated by the Western Cape Racing and Gambling Board, under bookmaker license number 10185706-001 In order for us to retain these licences we have to prove that we are able to make the required payouts to our players should they win and that we have the correct procedures in place to guarantee this.
