Lottomatica online share hits 32.4% as 9M revenue reaches €1.72bn

Lottomatica has reported a record high in market share of the Italian online sector as group revenue increased to €1.72 billion across the first nine months of 2026. The company’s online market share in Italy reached a record high of 32.4% during September. Across Q3 2026, Lottomatica’s market share averaged out at 31.7%, a 0.9% increase year-on-year, powered by 2.1% growth in its iSports market share. Its iGaming share also rose 0.6%.

Nine-month results

The operator recorded €35.2 billion in bets across the first nine months of 2026, an 8% year-on-year rise, leading to group revenue growth of 5%. GGR was also up to €3.52 billion, a 2% increase, while its adjusted EBITDA soared 8% to €665 million. Operating cash flow increased to €544.9 million, from €504 million in 9M 2025, while net financial debt stood at €2.16 billion at the end of September. Lottomatica reiterated its FY2026 guidance, stating it expects adjusted EBITDA to be at the top end of its €940 million to €980 million target.

Lottomatica CEO Guglielmo Angelozzi said: “The third quarter of 2026 marks another strong quarter for Lottomatica, with double-digit growth in Online and Sports volumes, and in Adjusted EBITDA normalised (+17% YoY at normalised payout).”

Online growth and retail pressure

Online revenue rose 13% year-on-year to €780.82 million during Lottomatica’s 9M. Revenue from its sports franchise dropped 1% year-on-year to €376.68 million, despite bets growing 11%, as favourable sports payouts for players weighed heavily. Lottomatica’s gaming franchise posted revenue of €560.28 million, a 2% fall.

Italy’s 2027 budget bill proposes to raise the PREU machine levy on slots from 24% to 25% from 1 January next year, as well as hiking the rate on video lottery terminals from 8.6% to 9.6%. Slots that pay out at least 70% in prizes would pay a reduced rate of 20%, while the maximum stake per slot game would double to €2 and maximum prizes would increase from €100 to €200.

Cirsa merger

Angelozzi also noted the major strategic milestone that Lottomatica reached in Q3, with its September announcement of a merger with Cirsa. Expected to close in Q2 next year, the deal is set to create the second-largest listed gaming and sports betting operator in the world. Lottomatica said that workstreams of integration are already fully up and running, with a plan to be 100% ready to start the execution of the integration plan from the day the deal closes. Financing has been secured, and the next step will be to gain additional approvals, with Cirsa having called an EGM for 30 November.