IPepper news
  1. Main
  2. /

    News
  3. /

    Finance
  4. /

    German Online ...
  5. /...
German Online Lottery Ticket Sales Surge to €8.2 Billion

German Online Lottery Ticket Sales Surge to €8.2 Billion

In 2023, 16 German lottery companies collectively experienced a notable increase in profits from online sales, reaching approximately €8.2 billion. This marks a 2.9% growth compared to the previous year, as reported by Axel Holthaus, the Managing Director of LOTTO Niedersachsen.

Of the total revenue, around €4 billion was allocated to payouts for winning tickets. Holthaus emphasized that substantial winnings often attract more participants, while even smaller prizes contribute to the enjoyment of the lottery experience for Germans.

Sven Osthoff, the head of LOTTO in Lower Saxony, highlighted the role of online sales in promoting lottery draws and tickets, providing an additional avenue alongside the 21 thousand physical "lottery shops" across Germany where patrons can purchase tickets and test their luck.

Maintaining its status as the most popular lottery in the country, LOTTO 6aus49 accounted for around €3.8 billion in prize money in 2023. This classic game constituted approximately 46% of the total sales in government-approved lotteries.

FinanceGermanyLotteries

Finance
Flutter Enters Top 3 Largest Bookmakers in Brazil

28 September 2024, 10:08

DraftKings to Pay $200,000 Fine Over Social Media Post

27 September 2024, 15:41

Star Entertainment Group Reports Financial Downturn

27 September 2024, 10:54

Flutter Entertainment aims to triple profits

26 September 2024, 09:19

US reports growing gambling industry revenues for the month

23 September 2024, 08:37

Tabcorp Chairman Announces Resignation

20 September 2024, 09:05

Other news
US reports growing gambling industry revenues for the month
US reports growing gambling industry revenues for the month

The American Gaming Association (AGA) has published its revenue report for July, revealing that the industry generated a record $5.7 billion during this period. Additionally, ...

Prominent Casino Player to Host Show with SportsGrid
Prominent Casino Player to Host Show with SportsGrid

Renowned casino influencer and YouTuber Brian Christopher is collaborating with SportsGrid, the first 24/7 sports betting network in the U.S. that offers a wide range of ...

One of Germany's states has been given the green light for online casinos and poker
One of Germany's states has been given the green light for online casinos and poker

Schleswig-Holstein has become the first German state to grant licences to commercial operators for offering online casino and table games. Tipico, BluBet, Cashpoint, and Skill ...

Articles
Why will the Snaitech deal double Flutter's market share in Italy?
Why will the Snaitech deal double Flutter's market share in Italy?

Analysts have welcomed Flutter's acquisition of Italian B2C business Snaitech for €2.3 billion, which took place in mid-September. Flutter can now double its market share in ...

Hiring Talent from Different Industries: Why and How?
Hiring Talent from Different Industries: Why and How?

At Pepper Partners, a leading iGaming CPA network, the team consists of professionals from various industries. For instance, our Chief Commercial Officer (CCO) joined us from ...

The Social Casino Phenomenon: Real Money and Databases for Bookmakers
The Social Casino Phenomenon: Real Money and Databases for Bookmakers

In the gambling industry, the Free to Play model is not dependent on turning players into gamblers for profitability, according to a columnist for the specialised publication ...

Dividing the Peruvian Pie: Who Will Take Over the Market After the Regulatory Law?
Dividing the Peruvian Pie: Who Will Take Over the Market After the Regulatory Law?

Gonzalo Perez, the CEO of Peruvian powerhouse Apuesta Total, believes that the new regulated online market in Peru will likely see dominance from just three or four major ...

Expert Opinion: Why Betting Can't Survive Without AI Analysis of Sports Data
Expert Opinion: Why Betting Can't Survive Without AI Analysis of Sports Data

In his opinion column, IGB expert Tom Waterhouse explores the significance of sports data analytics and data providers within the evolving landscape of sports betting. He ...

Categories