German online lottery broker Lotto24 has recorded a net loss of €10.8m for the full 2015 year, despite a successful year of trading which saw revenue increase by 75 per cent to €13.5m.

Lotto24, a provider of state-licensed lotteries via the internet, said that billings were up by 67 per cent year-on-year, with gross margin improving to 9.9 per cent, up from 9.5 per cent the previous year. With this growth, Lotto24 claimed that it had increased its market share from 21 per cent to 26 per cent in Germany.

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