International Game Technology PLC (IGT) has this announced this week that the Judging Commission is proposing LottoItalia in the bid for the Italy Lotto License.
LottoItalia is a consortium made up of Allwyn, Arianna 2001, and Novomatic Italia, led by IGT.
It’s expected that the Italian customs and monopolies agency, Agenzia delle Dogane e dei Monopoli (ADM) will make an official confirmation of the license within the next 35 days.
“The Italian Lotto concession is one of the world’s most important lottery contracts. IGT and its predecessor companies have successfully managed the license for 30+ years through constant innovation and the introduction of cutting-edge technology,” said Marco Sala, IGT Executive Chair of the Board in the news release.
“The award is very gratifying, and we are honored and excited to continue working with the ADM for nine more years.”
Judging Commission completed analysis and put forward LottoItalia
The consortium’s bid was made up of a €2,230 million upfront license fee payable in three installments between the time of award and April 2026. The first two installments of €500 million and €300 million are expected to be made in 2025, with the balance then made in 2026.
“The €2,230 million investments in upfront fees reflect the significant value of the new license and IGT is confident that the investment will enhance our revenue and profit potential,” said Vince Sadusky, IGT CEO.
“The exciting innovation pipeline with fresh launches planned for commencement of the new license will drive Lotto wager growth. In addition, we plan to significantly grow our iLottery sales and leverage that momentum to expand into the Italian B2C iCasino, sports betting, and other digital gaming business.”
The nine-year license term will secure the business until November 2034, with the concession rate collected from total wagers to be six percent and an additional eight percent gross fee to be collected through the digital channel as a distributor fee.
Featured Image: AI-generated via Ideogram
