Higher stakes in Q2 led to a decline in STS revenue

Higher stakes in Q2 led to a decline in STS revenue

Poland’s state-owned lottery year-on-year increase in wagers was 1.0% in the second quarter of the year. Net gaming revenue, which includes gambling taxes as well as winnings, declined.

The business had 375,000 active users during the quarter, down from 417,000 in the same period a year ago. There were 92,000 new registrations and 66,000 first-time depostors reported.

Net gaming revenue was up slightly from the same period in the previous year.

The operator’s total wagers decreased as the increase came.

In the first half of the year, the company achieved good operating results. The value of amounts staked by the customers, less the winnings paid and gambling and lottery tax have been slightly improved compared to the same period last year.

The Euro 2020 was played during that period.

In the second half of this year, we hope that the attractive calendar of sports events and the World Championships in Qatar will allow us to develop even better operating indicators, which will also positively translate into financial results.

Summary:

Poland’s state-owned lottery operator STS has reported a 1.0% year-on-year increase in wagers to 11.1 billion in the second quarter of 2021. However, net gaming revenue, which includes gambling taxes as well as winnings, declined by 16.6% to 138 million. The business had 375,000 active users during the quarter, down from 417,000 in the same period of 2021.