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 approximately $200 million or more. 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 El Gordo de Verano Take Place?
The draw takes place once a year on the first Saturday in July, with the next draw falling on Saturday 7th July 2018. The draw for the first prize tier normally takes place by 1pm CET (12pm NZST), 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 Has Coronavirus Affected This Draw?
Due to the virus outbreak, the underlying draw has been cancelled as a safety precaution. So that you can continue to enjoy this exciting game, we will be selecting the winning numbers using random number generator (RNG) technology.
Rest assured that our RNG technology meets the highest standards and is fully licensed and government-approved, with a fair and secure outcome guaranteed every time.
Aside from this adjustment to how the winning numbers are selected, the price, the bet slip, and most importantly your huge jackpots, will remain unaffected.
How do I Play 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 $379.99. A 1/10th share costs $49.99 and 1/100th costs $7.99.
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 Prize Pot?
El Gordo De Verano, on average, boasts a prize pool of around $200 million each July. Much like it's Christmas-time cousin it gives you great winning odds – an unparalleled 35% chance of winning any prize!
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 jackpot 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 UK Gambling Commission, the Gibraltar Gambling Commission, and the Revenue Commissioners in Ireland. 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.
