Allwyn revenues climb 50% despite rising cost of living

allwyn-revenues-climb-50%-despite-rising-cost-of-living

The ownership group of the UK’s new National Lottery operator, Allwyn, has seen its revenues climb by 50% in the first half of 2022, with punters still placing bets despite the rising cost of living. 

The group, owned by Czech billionaire Karel Komarek, reported net gaming revenue of £939m in the six months to June, up from £617m a year earlier, with profits climbing 45%, from £321m to £464m.

Allwyn remains embroiled in a legal battle with Camelot, who it hopes to replace as the UK National Lottery operator in 2024. Camelot is appealing a High Court decision allowing Allwyn to run the game after the Gambling Commission chose it as its preferred bidder in March. A further hearing is scheduled for September.