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ZEAL revenue suffers after large jackpot win in August

14th November 2019 6:51 am GMT

Frankfurt-listed online lottery provider ZEAL Network has warned that its full-year revenue is likely to be significantly lower than last year’s €160m total.

The company said that total billings in the first nine months of 2019 were 57 per cent higher than the same period a year ago at €332.6m, benefiting from the inclusion of Lotto24 results from 14 May.

However, a large jackpot win of €26.3m in August meant that ZEAL’s total operating performance declined by 11 per cent [...]

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