Allwyn Reports 27% Revenue Growth in Q2 and Takes Majority Control of Next Lotto
European lottery and gaming giant Allwyn achieves €1.2 billion in Q2 net revenues driven by the acquisition of PrizePicks and an increased stake to 65% in Next Lotto.
Key Takeaways
- Allwyn incrementó sus ingresos netos un 27% interanual hasta €1.200 millones en Q2 2026.
- La adquisición de PrizePicks sumó €250 millones a los resultados trimestrales del grupo.
- Allwyn elevó su participación en Next Lotto al 65%, tomando el control mayoritario en Alemania.
- El EBITDA ajustado del grupo en Q2 ascendió a €458 millones, un 29% más que el año anterior.
- Se reafirma el objetivo de crecimiento de ingresos netos entre el 20% y 29% para el año fiscal 2026.
Allwyn reported a 27% year-on-year growth in quarterly net revenues, reaching €1.2 billion, marked by the acquisition of daily fantasy sports operator PrizePicks and the takeover of Next Lotto in Germany. The group attributed part of this progress to nearly €250 million contributed from PrizePicks, as well as strong performance in sports betting and igaming across Europe, despite tax increases in Austria and a moderation in jackpot cycles.
Strategic Acquisitions: PrizePicks and Next Lotto Strengthen Allwyn's Position
During the second quarter of 2026, Allwyn formalized the acquisition of a majority stake in Next Lotto, the lottery reseller based in Germany, raising its percentage to 65% from the previous 42.04%. This operation positions Allwyn as a controlling shareholder and consolidates its expansion in key European markets. Simultaneously, the integration of PrizePicks boosted overall financial results with a contribution of nearly €250 million in net revenues, strengthening its presence in the daily fantasy sports segment.
In the words of Allwyn CEO, Robert Chvátal:
“The growth was supported by the continued expansion of our digital channel and the excellent performance of sports betting and igaming, with sports betting benefiting from the FIFA World Cup 2026.”
Operational Performance: Revenues and Results by Segment and Region
In continental Europe, net revenues rose by 4% year-on-year to €731 million. Here, sports betting grew by 12% and igaming by 24%. Lottery revenues, however, fell by 5%. In the United Kingdom, Allwyn — operator of The National Lottery — reported a 2% increase to €236 million and reversed prior losses, improving operational profitability after completing a technology transformation valued at £450 million during the year. Subsequently, Phil Walker, former executive at William Hill, took on the interim leadership of Allwyn UK, replacing Andria Vidler.
Financial Statements and Profitability: Focus on Sustainable Growth
The group’s GGR rose by 6% to €2.3 billion, and adjusted EBITDA improved by 29% year-on-year, reaching €458 million. The company reaffirmed its growth forecast for all of 2026, projecting a rise in net revenues between 20% and 29%. Net debt increased to €6.7 billion, standing at 3.5 times the adjusted EBITDA of the last twelve months.
In North America, where Allwyn operates the Illinois Lottery and recently acquired a majority stake in PrizePicks, quarterly revenues totaled €294 million. Meanwhile, Betano, the online gaming brand of Kaizen Gaming in which Allwyn holds a 36.75% stake, reported a 26% revenue growth to €972 million and a 24% jump in adjusted EBITDA (€257 million). During this period, Allwyn received dividends of €351 million from this investment.
The company also confirmed the distribution of a dividend of €0.20 per share, scheduled for November 12.
Outlook for 2026 and Growth Strategy in Gaming and Lotteries in Europe
Allwyn maintains its growth forecasts for fiscal year 2026 and underscores the importance of product diversification and digitization of channels as supports for results. Management highlights the strength of its cash position, generating attractive returns for shareholders, and the capacity to meet regulatory and tax challenges in key European and North American markets. Strength in sports betting, bolstered by events like the FIFA World Cup 2026, and leveraging the digital channel are part of its main strategy for the coming year.
“We continue to be confident in our ability to deliver sustainable growth, strong cash generation, and attractive long-term returns to shareholders.” — Robert Chvátal, CEO of Allwyn
With the integration of Next Lotto and the contribution of PrizePicks, the group reinforces its pan-European leadership while maintaining a focus on technological innovation and operational efficiency. More news on B2B operations and industry results can be found in the section.
Frequently Asked Questions
¿Por qué crecieron los ingresos de Allwyn en el segundo trimestre de 2026?
Allwyn aumentó sus ingresos principalmente por la integración de PrizePicks, que aportó cerca de €250 millones, y el sólido desempeño en apuestas deportivas e igaming a nivel europeo.
¿Qué implica que Allwyn tenga el 65% de Next Lotto?
Tener el 65% otorga a Allwyn el control mayoritario de Next Lotto, posicionándolo como accionista de referencia en la intermediación de loterías en el mercado alemán.
¿Cómo evolucionaron los resultados de Allwyn en Reino Unido?
En Reino Unido, los ingresos netos crecieron un 2% interanual hasta €236 millones y se revirtió la pérdida previa gracias a la transformación tecnológica de The National Lottery valorada en £450 millones.
¿Cuál es la perspectiva financiera de Allwyn para el cierre de 2026?
Allwyn mantiene sus previsiones de un crecimiento de ingresos netos entre el 20% y el 29%, con un EBITDA ajustado de €458 millones y una meta de fortalecimiento financiero sostenible.
¿Cuándo se pagará el próximo dividendo de Allwyn y de cuánto será?
El dividendo confirmado por Allwyn es de €0,20 por acción y está programado para abonarse el 12 de noviembre.
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About the author
Gonzalo Marín
Industry Deals Correspondent
Gonzalo Marín covers the corporate deal flow of gambling — operator strategy, M&A, regulated-market entries, and product launches. The reports open with the transaction, cite companies, valuations, and jurisdictions exactly as released, and keep the announcement apart from its actual effect. When a Latin American operator raises capital or a European brand lands in the region, Gonzalo Marín reports who signs, for how much, and on what terms.
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