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Lotto24 exceeds full-year forecast as 2015 revenue leaps 75%

18th January 2016 8:23 am GMT

German online lottery broker Lotto24 has surpassed its financial projections for 2015 following strong growth in its registered customer base, with the company estimating that it now holds a 26 per cent share of the German online lotto market.

Billings for the year rose to €136.3m, up 67 per cent year-on-year, with revenue rising 75 per cent to €7.7m. This was due in part to a continuing improvement in gross margin, which reached 9.9 per cent.

Lotto24 said it [...]

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