UK National Lottery and Digital Push Lift Allwyn’s Q1 Results

In the latest industry updates, the company’s online growth was a key contributor to the positive results, with digital gross gaming revenue rising by 15% compared to Q1 2024. Digital gaming now accounts for 39% of Allwyn’s overall gross gaming revenue, underscoring the growing importance of its online operations.

Allwyn CEO Robert Chvatal expressed satisfaction with the results, noting, “I am very pleased to report a good start to 2025, with the continued successful execution of our growth strategies sustaining the positive momentum from our record performance in 2024.”

A standout performer in the first quarter was the UK market, where Allwyn’s revenue grew by 6%, reaching €1.02 billion. This increase was driven by strong results from the EuroMillions game, which hit a record jackpot in March. Allwyn has been focused on modernising the UK National Lottery since taking over the license in 2024. However, reports surfaced recently that the Gambling Commission could take action over delays in the planned technological upgrades, which are intended to make online lottery more accessible and innovative.

In other European markets, Allwyn saw positive results, for example in Greece and Cyprus, where revenue rose by 8%. Additionally, Austria posted a 6% increase in revenue, largely due to growth in iGaming and numerical lotteries.

Despite the challenges related to restructuring and the costs associated with its relocation to Switzerland, Allwyn’s earnings remained stable. The company’s adjusted EBITDA increased by 1%, reaching €362.3 million, while its adjusted EBITDA margin remained strong at 35.9%.

Looking ahead, Allwyn will likely continue to focus on expansion. The company has recently acquired a minority stake in Next Lotto, a licensed online reseller of draw-based games in Germany, further broadening its geographical reach.