German online lottery broker Lotto24 has reported a 179 per cent increase in revenue to €7.8m for 2014, the first full year in which the company was allowed to advertise its products in Germany.

Lotto24 said that it made “extremely encouraging” progress in 2014 with growth rates in line with forecasts, helping the company to “significantly” increase its market share in Germany to around 21 per cent.

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