National Lottery operator reports €7.4m profit

National Lottery operator Premier Lotteries Ireland holds the licence for 20 years
National Lottery operator Premier Lotteries Ireland holds the licence for 20 years

The company which operates the National Lottery made an operating profit of €7.4m against a background of declining sales in 2015, the company has reported.

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25 August 2016 | 0

The company that runs the National Lottery has reported a profit of €7.4m for its first full year running the organisation. Premier Lotteries Ireland (PLI) ltd., which paid €405m for the operating licence in 2014, said its sales fell by 2.5% to €670.4m, but due to various expenses and taxations, the company came out with a profit of €7.4m.

According to PLI, more than 1.4m people played National Lottery games in 2015, approximately 42% of the adults population. €381m in prize money was paid out, while €188m was paid to ‘good causes’.

The company’s report also revealed that while sales were down, online play saw an explosion in popularity, jumping from 140,000 to more than 225,000.

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