Flutter is reportedly assessing whether to bid for Italy’s main lottery licence, including the possibility of joining a consortium. The ADM has opened a tender for a nine-year concession with a €1bn minimum bid; submissions are due by 17 March, and no final decision by Flutter has been reported.
Flutter is assessing a possible bid for Italy’s nine-year lottery concession, but has made no final decision.
Quarter ended 30 September 2026
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IGT said on 19 May that its Italian lottery contract had been renewed, following a $2.6bn bid. The payments include €500m and €300m in 2025, with a $1.7bn balance due in 2026; IGT holds a 61.5% stake in the consortium operating the lottery business.
Italy could raise about €700 million for the gambling sector’s contribution to the 2027 budget through lottery sales commissions and online gaming, reportedly. The proposal was attributed to an unnamed financial report.
Italy's gambling sector could fund its share of the 2027 budget, of about €700m, through the commission on lottery sales and through online gaming, according to a report.
Italy’s evaluation commission proposed LottoItalia, a consortium led by IGT, for the country’s lottery licence, subject to confirmation by the Agenzia delle Dogane e dei Monopoli within 35 days. The proposed nine-year concession runs to November 2034 and includes an initial fee of €2.23bn, payable in three instalments; IGT would retain operational control and Allwyn would provide proportional financing.
Italy’s Customs and Monopolies Agency received bids from IGT and Flutter subsidiary Sisal for the Lotto concession, reportedly after the 17 March deadline passed without further submissions. The successful bidder would manage the games for nine years, with a starting price of €1bn and a possible increase to €1.5bn. The agency will appoint a commission to assess the proposals before opening the financial offers.
DraftKings plans to launch its DraftKings Predictions platform, including sports event contracts, before the end of 2025, the company said. The launch is expected in the coming months and remains subject to licensure; the company plans initially to target states without its sportsbook.