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Tipp24 warns of potential impact to revenue after payout

17th March 2014 9:14 am GMT

German lottery brokerage operator Tipp24 warned Friday that its first quarter revenue may be negatively impacted by a player winning approximately €6.7m in a secondary lottery held by its UK-facing subsidiary MyLotto24.

Tipp24 said that including the jackpot prize, the amount of winnings payouts for secondary lotteries so far this year amounted to €3.8m in total above the statistical average.

“This has resulted so far in a negative revenue effect in the same amount,” the company [...]

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