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Lotto24 exceeds guidance as revenue soars 95% in final quarter

16th January 2017 10:28 am GMT

German online lottery broker Lotto24 expects revenue for the final quarter of 2016 to be ahead of expectations after benefiting from “very favourable” jackpot conditions, particularly on the EuroJackpot game.

The operator expects Q4 billings to be up by 67 per cent to €59.0m, pushing revenue to €6.9m for the quarter, an increase of 95 per cent year-on-year. 

Lotto24 added 113,000 new customers during the period, compared to just 56,000 in the corresponding period last year.

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