The UK Gambling Commission (UKGC) has begun the process to award the next National Lottery license when the current deal with Camelot expires in 2023.

The regulator confirmed that it has begun an initial, global market engagement to hear from businesses and investors interested in the fourth license for the National Lottery, which generated sales of £6.9bn in 2017 and attracts 14m monthly players to its draw-based games.

While the formal bidding process won’t start for some time, the UKGC said it will begin initial discussions with the existing global lottery market next week at the World Lottery Summit in Buenos Aires, and over the coming months will also be planning engagement with wider finance and technology industries in the UK and abroad.

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