Zeal’s revenues slump 26% YoY after eight-figure jackpot pay-out

Lottery operator’s EBITDA down almost 40% in 2019 as business achieves significant costs savings

Zeal Network has reported a 26% year-on-year fall in revenue to €113.5m for 2019 due in part to paying out a bet-on-lottery jackpot of €26.3m. The Hamburg-based digital lottery operator posted EBITDA of €28.8m last year, a near-40% drop over the €47.7m recorded in 2018, according to Zeal’s preliminary estimates. Last May, Zeal completed the…

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