Wednesday 16 October 2019

Online sales surge at National Lottery operator

(Stock photo)
(Stock photo)

David Chance

The operator of the National Lottery reported sales rose for the fourth year in succession last year by €5 million to €805 million and that it paid out 56pc of sales to winners while handing over €228.5 million to support good causes.

Premier Lotteries Ireland, which has drawn criticism for holding on to unclaimed prize money, said that that earnings before interest, tax, depreciation and amortization fell by €7.1 million to €35.6 million due to increased investment and hiring and that operating profits slid to €5.1 million from €17.4 million in 2017.

The group, owned by the Ontario Teachers' Pension Plan, An Post and An Post Pension Funds, has an exclusive license until 2034.

Despite the sluggish performance in overall sales, online  surged 20pc and now stands at €61.8 million, or 7.7pc of the total.

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