Irish Lottery Operating Profit Increase by 64% in 2020

Irish Lottery Operating Profit Increase by 64% in 2020

Ireland’s lottery sales rose 4% in 2020 to 918.9 million euros ($1.09 billion), with more people playing online.

Operating profit of Premier Lotteries Ireland (PLI), which has been operating the National Lottery since 2014, reached 14.6 million euros, up 64% from 2019.

Prize money increased by 6% compared to the previous year and €253.6 million was donated to good causes.

About 1.3 million people in Ireland regularly play National Lottery games, with online sales growing from 9% of the total in 2019 to 15% of the total in 2020.

Andrew Algeo, Chief Executive Officer of PLI, said: “It was another good year for the national lottery players, winning a record €529 million from ticket sales of €919 million. All of this is evidence of the steady growth in the popularity of the National Lotto.”

The group said it has introduced several player safeguards in recent months, such as scratch card purchase limits, phasing out credit card online payments, and integrating advanced player monitoring and intervention tools.

PLI, which has a 20-year license to operate the National Lottery, added that 16 million euros of expired unclaimed prize money were transferred to the Treasury last year. COVID-19 Pandemic.

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