Revenues for Intralot have increased for the first quarter of 2018, with sports betting the largest contributor to the company’s success.
Consolidated revenues increased to €280.7m, a 4.3 per cent increase on the same period in 2017.
Sports betting comprised 58.9 per cent of revenues taken, an 11.9 per cent increase year-on-year. Lottery games contributed 29.7 per cent to turnover, with technology contracts accounting for 6.2 per cent, VLTs 2.8 per cent, and racing 2.4 per cent.
CEO Antonios Kerastaris said: “The 2018 Q1 results show stronger sales and continuing growth in developed markets, reflecting increasingly successful market development efforts along with an upgrade of our offering with next generation products and services for lotteries digital transformation.
"Emphasis remains on growth in markets such as the United States where the recent lift of the federal ban on sports betting creates tremendous business opportunities from the rise of a potential US$20bn market in annual GGR terms, on top of great prospects in new flagship projects such as the Illinois State Lottery.”
