In 1812 the first draw of 'El Gordo' was held. That year was convulsive. The war against the Napoleonic troops, the revolutionary enthusiasm that sparked theLiberal Constitution of 'La Pepa'… During this time Spain witnessed other wars, two republics, the dictatorship and finally democracy.
Times change and so do prices and currencies. 'El Gordo' then shared illusions in reals, real fleeces, shields, pesetas and now does in euros. For more than 200 years the amount of prizes, the cost of living, the value of currency, salaries, etc., have changed a lot. In this way, if a century ago witha lottery prize you could buy yourselfa whole building, now we could only afford a single house. For example.
So,How much is Gordo really worth now and how much was it worth before?Let's see some examples of the evolution (or involution) of the draw prize:
The first tenth in 1812 cost 40 reales (10 pesetas, 0.06 euros). In 1870, the ticket cost already 0.30 and the prize reached 150,000 pesetas, which converted into current euros would mean about € 900. At the time this amount was to be made with huge possessions. We already know what can be acquired today with 900 euros scarce …
The Christmas Lottery would reach the peak of generosity entered into the twentieth century, in the twenties and forties. In 1920 buying a tenth that cost 0.60 euros could mean that an astronomical sum fell from the sky that opened the doors to gain great properties.
Lottery in decrescendo?
Nothing like it would be seen in theHistory of the Christmas Lottery.Goodbye to that of buying whole buildings. Just look at the current 400,000 euros of the Gordo that is drawn on December 22 and take a look at the price of current housing. And that the price of houses does not stop rolling downhill.
Nothing similar would be seen in the History of the Christmas Lottery. Goodbye to that of buying whole buildings. Just look at the400,000 euros currentdel Gordo that will be drawn on December 22nd and take a look at the current housing price. And that the price of houses does not stop rolling downhill.
In these times, El Gordo is sure to be useful, if not to acquire entire buildings, at least to cheer up -and alleviate- more than a few Christmases.
You have to divide by ten to calculate the money that takes each tenth in the case that the number is awarded.