Canary Islands Allocates Over €100 Million for Christmas Lottery Amidst Strong Ticket Sales
On December 20, 2023, the government of the Canary Islands announced a significant investment of more than €100 million into its annual Christmas Lottery. This year, ticket sales have exceeded 525,000, reflecting a robust interest among residents and visitors alike in this festive tradition.
Detailed Financial Breakdown of the Lottery
The total budget for the Christmas Lottery in the Canary Islands stands at an impressive €105,297,800. This substantial sum corresponds to the availability of 526,489 tickets for purchase. When considering the population of the islands, this translates to an average expenditure of €47.24 per resident. This figure is notably lower than the national average of €76.08, indicating a unique approach to lottery participation in the region.
Provincial Allocation and Spending Patterns
A closer examination of the ticket distribution reveals interesting disparities between the two provinces of the Canary Islands. Las Palmas has been allocated €45,658,800, which allows for the sale of 228,294 tickets. This results in an average spending of €39.55 per inhabitant, showcasing a more conservative approach to lottery spending in this province.
In contrast, Santa Cruz de Tenerife has received a larger allocation of €59,639,000, enabling the sale of 298,195 tickets. This higher budget leads to an average expenditure of €55.51 per resident, suggesting that residents in this province are more willing to invest in the lottery experience. The differences in spending habits between the two provinces highlight the diverse economic landscapes and cultural attitudes towards gambling in the Canary Islands.
Sales Trends and Historical Context
Analyzing the sales performance of the Christmas Lottery over recent years provides valuable insights into its popularity. In the previous Christmas Lottery held in 2024, total sales reached €121,808,560, marking a notable increase of 6.64% compared to the previous year. During that draw, a total of 609,042 tickets were sold, with an average expenditure of €55.32 per person. This upward trend in ticket sales underscores the lottery’s growing appeal and the community’s enthusiasm for participating in this annual event.
The Christmas Lottery is renowned not only for its substantial ticket sales but also for its generous prize distribution. This year, the lottery is set to distribute over €30 million in prizes. This includes common refunds that return the wagered amount, as well as the much-anticipated ‘pedrea’ prizes, which offer €1,000 per series and €100 per tenth. Such prizes contribute to the excitement surrounding the lottery, as participants eagerly await the results and the chance to win significant sums of money.
Key points
- The Canary Islands allocated €105,297,800 for the Christmas Lottery.
- More than 526,000 tickets are available for sale this year.
- The average spending per inhabitant in the Canary Islands is €47.24.
- Las Palmas received €45,658,800, while Santa Cruz de Tenerife received €59,639,000.
- Sales in the previous Christmas Lottery reached €121,808,560, a 6.64% increase from the previous year.
- The lottery distributes over €30 million in prizes, including refunds and ‘pedrea’ prizes.
