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Tipp24 issues profit warning following MyLotto24 jackpot win

1st September 2014 9:01 am GMT

Germany online lottery brokerage Tipp24 has reduced its earnings forecast for the full 2014 year after a player won a jackpot of approximately €44m through its MyLotto24 subsidiary.

MyLotto24 organises secondary lotteries based on various European lotteries, with the company bearing the bookmaking risk itself.

Tipp24 said Friday that a player won €44m in a secondary lottery held by its UK subsidiary MyLotto24.

The company said that around 74 per cent of the prize payout, approximately €32.6m, is [...]

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