Irish National Lottery Bidders Plan to Expand Online Betting

Published Saturday, October 05, 2013 - Online-Casinos.com
Irish National Lottery Bidders Plan to Expand Online Betting

Ireland has a few people that enjoy the odd gamble with the Irish National Lottery is one that many put their money on. It was founded when the Irish government passed the National Lottery Act, 1986 to support initiatives in the areas of sport and recreation, health and welfare, national heritage and the arts, and the Irish language.

Recently a twenty year contract was offered to bidders for the operation of the state lottery of Ireland. In 2011, 2.2 million Irish people that’s 64 percent of the adult population reported playing the National Lottery games, with 1.5 million or 42 percent playing every week. By the end of 2012, the National Lottery had achieved over €12 billion in cumulative sales, paid out €6.7 billion in prizes, and raised €4.2 billion for the good causes it supports.

It was announced this week that Premier Lotteries Ireland, a consortium comprising the Ontario Canada Teacher’s Union Pension Plan, which is the parent firm of the British National Lottery operator Camelot, and the Irish postal authority AnPost are the preferred bidders for the contract to operate the Irish National Lottery.

Ireland’s government was hoping for € 500 million for the contract but the deal is expected to bring only €405 million to the table. It is expected to give the consortium enough breathing room for it to move on plans to expand the online presence of the lottery which is at present accounting for only three percent of ticket sales.

The consortium bidders and the Irish Department of Public Expenditure & Reform can now move forward to the next step in negotiating licence requirements. Premier has already agreed that 65 percent of gross revenues will be paid to worthy lottery causes in Ireland.

Premier Lotteries Ireland competed with two other entities for the lucrative contract, Australian wagering giant Tatts and the International Lotteries group GTech owned by Italian firm Lottomatica.

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