Lottery – FairOdds Network

April 16, 2025

Dutch deposit limits and tax hike impact FDJ United Q1 revenue

FDJ United's online betting revenues were significantly impacted by tightening regulation in the UK and increased taxes in the Netherlands.

In its Q1 results, published on 15 April, FDJ United reported total gaming revenue (GGR) of €925 million ($1 billion/£791,934), up 30% year-on-year.

However, online betting, through its Kindred business, was down 10% to €231 million in the first three months of the year. This was despite active players increasing 10%.

FDJ United pointed to increased taxation in the Netherlands and stricter regulations in the UK as causing an adverse impact on its earnings.

Notably, online betting and gaming revenue excluding the Netherlands and the United Kingdom was up by almost 8% on the previous year.

Revenue in the Netherlands dropped 41% in Q1, following the implementation of an almost 4% tax increase to 34.2% of GGR. The operator’s revenues were also squeezed by the introduction of deposit limits in the Netherlands.

“We were impacted by increas..

March 25, 2025

European gross gambling revenue tops €123.4 billion in 2024

Gross gambling revenue (GGR) in Europe hit €123.4 billion (£103.1 billion/$133.4 billion) in 2024, a 5% year-on-year increase, according to data from the European Gaming and Betting Association (EGBA) and H2 Gambling Capital.

Published yesterday (24 March), “European Gambling Market – Key Figures 2025 Edition” covers all European Union member states, plus the UK. It includes analysis of provisional data for both the online and land-based gambling markets during 2024.

Online drives gambling revenue growth

Growth was evident across online and land-based gambling activities, but the former saw the steepest increase in GGR. In total, provisional online GGR climbed 11.7% year-on-year to €47.9 billion, or 39% of total GGR for the year.

Gaming accounted for €24.6 billion of this figure, with €23.2 billion attributed to casino-type games, including slots. In total, online casino games drew 45% of all internet gambling GGR during 2024.

Online betting revenue topped €16.2 billion, of which..

March 21, 2025

Finland gambling reform bill enters parliament

Finland’s government has submitted a bill on its proposed new gambling framework to the country’s parliament, raising hopes of hitting online gambling trade body Rahapeliala Ry’s target of passing laws by mid summer.

Presented yesterday (20 March), the bill sets out a new-look gambling market for Finland. The main change in regulations would be opening up the country’s online gambling market to private operators, following in the footsteps of its Nordic peers Sweden and Denmark.

At present, Veikkaus holds a monopoly on online gambling, across lottery and online sports betting and casino games. Should the bill pass in its current form, this setup would stop by the end of 2026. Veikkaus will, however, keep exclusivity for lottery and scratchcards, as well as retail gaming machines and casino games.

Previous guidelines have said operators could apply for licences from 1 January 2026, when the new regulations officially come into effect. This would be with the view of the new-look mar..

March 20, 2025

Betting and igaming drive OPAP to record revenue in 2024

Greek gambling group OPAP reported a record €2.3 billion (£1.93 billion/$2.5 billion) in gross gaming revenue (GGR) during its 2024 financial year, helped by growth within both its betting and igaming segments.

Revenue for the year ending 31 December 2024 surpassed the previous year, and existing record, by 10%. Data published by OPAP yesterday (19 March) also revealed a 9.4% uplift in net gaming revenue to €1.57 billion.

OPAP reported growth in four of its five core segments, including double-digit increases in betting and igaming revenue. Lottery, still the group’s primary source of revenue, and video lottery terminals (VLTs) also saw growth, but instant and passives revenue declined.

The online segment stole the show, posting a 29.2% increase in revenue for 2024. The division is now on track to surpass VLTs as OPAP’s third-largest revenue stream. However, there was also a lot to be said for sports betting, with revenue here up 15.6% year-on-year.

OPAP CEO Jan Karas highlighted t..

March 18, 2025

Dutch trade bodies urge more advertising opportunities in new gambling policy

The Licensed Dutch Online Gambling Providers (VNLOK) and Netherlands Online Gambling Association (NOGA) trade bodies have urged the government to allow for more opportunities for gambling advertising among licensed operators, as part of recommendations for new regulations.

Tomorrow (19 March), the government will host a round-table discussion on its proposals for new gambling policy. This will feature input from various stakeholders including a number of licensed operators, trade bodies and regulator Kansspelautoriteit (KSA).

Teun Struycken, minister for legal protection in the Netherlands, revealed in December that the government was working on new policy, with hopes of having a new gambling bill in place by the end of 2025.

In their submission, the industry trade bodies VNLOK and NOGA set out several key points for the government to consider before signing off on new laws. Much of these focus on protecting players from harm and on tackling unlicensed activity.

Advertising must r..

March 17, 2025

Weekend Report: FanDuel launches RG TV series, Bet365 live in Illinois and Tennessee, Scientific Games WLA re-certification

Welcome to the Weekend Report, where iGB looks at the news that you may have missed across Friday, Saturday and Sunday. This week: FanDuel TV launches responsible gambling series, Bet365 launches in Illinois and Tennessee and Scientific Games secures WLA re-certification.

FanDuel to debut ‘The Comeback’ RG series

First in the Weekend Report, the FanDuel TV division of FanDuel Group has announced the launch of a responsible gambling series, ‘The Comeback’.

Responsible gambling ambassador Craig Carton, who has been very public describing his own past addiction issues, will interview people who have experienced addiction themselves. Carton will cover stigma surrounding gambling disorder and highlight the support available to people.

The first episode will feature 11-year NBA veteran and recovered problem gambler Randy Livingston. Both Livingston and his wife have recently joined FanDuel as responsible gambling ambassadors.

The Comeback will be streamed across both FanDuel’s YouTube c..

February 28, 2025

Free prize draws could be cannibalising lottery, says GC’s Andrew Rhodes

The percentage of people gambling in the UK remained flat during Q3 at 48%, although Gambling Commission (GC) CEO Andrew Rhodes believes a significant uptick in free prize draws could be cannibalising the licensed lottery vertical.

Some 4,675 adults were surveyed for wave three of the GC’s GSGB, covering the three months to the end of October. The GSGB reports that 48% of respondents gambled at some point in the previous four weeks, level with both Q1 and Q2.

Commenting on the data during the Betting and Gaming Council’s AGM on 27 February, Gambling Commission CEO Andrew Rhodes noted a significant rise in activity on free prize draws, which are not regulated under the Lotteries Act and therefore not featured in the data or even considered gambling by law.

“We’ve seen the growth of large-scale prize draws and that growth has been very significant,” Rhodes told BGC members.

“We’ve also seen society lottery sales go over the £1 billion mark for the first time.”

He noted that price ..

February 14, 2025

Draftkings posts positive 2024 EBITDA although misses guidance

Draftkings posted a revenue of $4.77 billion in its 2024 full-year results, up 30% year-on-year. However, the US gambling major missed its EBITDA guidance for the year.

The group reported a positive EBITDA of $181.3 million, up from the previous year’s loss of $151 million. This is the first time the operator has posted positive EBITDA since becoming listed in April 2020.

However, this is some way below Draftkings’ full-year adjusted EBITDA guidance of $240 million to $280 million, announced during its third quarter results.

The 2024 guidance was dropped due to a bad run of NFL results in October, as it had previously been set at a range of $460 million to $540 million.

Draftkings CFO Alan Ellingson, in a statement, called 2024 a “milestone year” for the group as it achieved its first year of positive adjusted earnings.

Draftkings’ fourth quarter

Turning to Q4, Draftkings reported a revenue of £1.39 billion during the period, up 13% on the previous year’s $1.23 billion. This re..

February 3, 2025

Many UK players turn to gambling for escapism says Gambling Commission report

In a special report using data from the Gambling Survey for Great Britain, the UKGC has broken down the key motivators for UK gamblers, with escapism one of the driving factors.

On 30 January the UK Gambling Commission published an add-on piece of research to the Gambling Survey for Great Britain (GSGB) report released in July. The survey is the first comprehensive report looking at the behaviour of gamblers in Britain, including what the key motivators are for players across multiple verticals.

This latest report, which cites findings from the Reasons for Gambling Questionnaire (RGQ), considers the relationship between different gambling activities and the players’ reason for engaging in them.

The RGQ contained a series of 15 questions on the reasons GSGB participants gave for taking part in gambling. People who had gambled in the past 12 months were asked to state how often their main reason for gambling was indeed their key motivator across all activities they had listed. They..

January 30, 2025

Study finds 10% of Dutch adults gambled online in 2024

New data has shown just 10% of those aged 16 and over in the Netherlands have gambled online in the last 12 months.

On Wednesday (29 January), the Scientific Research and Data Centre (WODC) in the Netherlands released a factsheet unveiling the findings of three recent studies on Dutch online gambling, which launched in the country in October 2021.

The studies, which cover various periods during 2024, revealed that while 64% of those aged 16 and over in the Netherlands have gambled offline throughout 2024, just one in 10 had placed a bet online.

Lotteries were the predominant form of offline gambling, with 55% of the gambling population using that vertical in 2024, while scratchcards (21%) and bingo (7%) were also prevalent.

Notably, sports betting was the only vertical in which online outpaced land-based, with 4% betting online compared to 3% for offline.

Dutch online gambling rising in popularity

The WODC said 70% of those who had bet online in 2024, had started doing so once th..

January 8, 2025

Brazil Supreme Court rejects Loterj’s latest appeal in ongoing spat with federal government

Supreme Federal Court (STF) minister André Mendonça has rejected the Rio de Janeiro State Lottery’s (Loterj) appeal against the ban on state-licensed brands operating throughout Brazil.

On 2 January, Mendonça passed a preliminary decision to ban Loterj licensees from operating nationally across Brazil. The request was initially filed by the attorney general’s office (AGU) back in October, requesting the court suspended certain 2023 provisions that gave Loterj powers to regulate outside of Rio (Accreditation Notice 01/2023).

As a result of the court’s ruling, Loterj licensees were banned from accepting bets beyond Rio de Janeiro state borders and also mandated to reintroduce geolocation tracking to ensure bets are only being accepted within the state.

Mendonça’s decision gave Loterj five days from 2 January to halt its nationwide activities and impose these geolocation mechanisms.

Loterj immediately appealed the decision, citing “defects, omissions, obscurities and material errors..

December 11, 2024

Illinois FY24 gambling report: Tax revenue over $2 billion, but casinos not key drivers

Data from the fiscal year 2024 edition of the Wagering in Illinois report from the legislature's Commission on Government Forecasting and Accountability showed that the state's gaming industry generated a record $2.08 billion (£1.62 billion/€1.97 billion) in tax revenue in FY24, the most ever for the Prairie State.

According to the report, state tax revenue grew 4.8% year-over-year from $1.99 billion in FY23. Illinois has one of the strongest gaming industries in the US, with casino gaming, video gaming (slot routes), sports betting, horse racing and lottery.

The report covers not just the last fiscal year, but references financial reports dating back to legalisation dates for each genre of gambling.

The commission noted that FY24’s growth was “largely driven by the steady expansion of video gaming, elevated lottery sales and rapid growth in sports wagering”. The first two sectors generated the majority of tax revenues – $886 million from the lottery and $848 million fr..

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Tag: Lottery