The total prize pot in the state-run national lottery event reached 2.71bn (2.25bn) this year, slightly more than last year's 2.59bn, marking a celebratory tradition.
In the nationally televised draw at Madrid's Theatre Royal, young pupils from San Ildefonso school picked the winning numbers from two revolving globes and sang them out.
Lottery mania hits Spain in the weeks leading up to the Christmas draw with relatives, co-workers, and friends purchasing tickets, often favoring particular lucky vendors or numbers.
More than half of Sunday's top prize travelled back to Madrid, as many winning tickets were held by a basketball club in the working-class neighbourhood of San Blas-Canillejas.
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