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Higher marketing costs widen Lotto24 loss in first quarter

8th May 2018 6:40 am GMT

Frankfurt-listed online lottery provider Lotto24 has reported a strong start to the year with revenue increasing 29 per cent to €8.6m during the first quarter of 2018.

Billings rose 26 per cent year-on-year to €58.2m, which the company attributed to a “very positive” jackpot trend for the pan-European EuroJackpot game.

Lotto24 attracted 179,500 new customers during the quarter, up 89 per cent compared to the same period last year, with total registered customers climbing 27 per cent [...]

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