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Tipp24 reduces full year forecast following €15.7m jackpot payout

10th December 2013 9:49 am GMT

German lottery brokerage operator Tipp24 has reduced its forecast for the full 2014 year after a player won a jackpot of approximately €15.7m via a secondary lottery held by the company’s UK-facing subsidiary MyLotto24.

MyLotto24 organises secondary lotteries based on various European lotteries, with the company bearing the bookmaking risk itself.Tipp24 said that the winnings payout of €15.7m will reduce its consolidated revenue in the current fiscal year by the same amount, with earnings before [...]

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