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Lotto24 reduces full year forecast after weak jackpot trend in Q3

23rd October 2017 6:52 am GMT

German online lottery seller Lotto24 has reduced its guidance for the full 2017 year after experiencing an "exceptionally weak" jackpot trend during the third quarter.

The operator said that billings and revenue both fell compared to last year, due in part to smaller jackpots resulting in less customer interest. The comparable quarter in 2016 included particularly strong jackpots for the Lotto 6aus49 and EuroJackpot lottery games.

Billings fell by 9 per cent year-on-year to €51.8m, while revenue [...]

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