International Game Technology (IGT) has successfully retained control over Italy’s lottery operations, securing a significant contract that extends through November 2034. The announcement follows a competitive tender process, where IGT faced stiff competition from Novomatic and reportedly Flutter, along with the participation of Allwyn.
IGT, at the helm of the LottoItalia consortium, will collaborate with Allwyn, Arianna 2001, and Novomatic Italia to manage lottery operations. The new agreement underscores IGT’s dominant presence in Italy, having managed the national lottery consistently since 1993.
LottoItalia Consortium to Invest Billions in Lottery Operations
The consortium’s winning bid involves an upfront payment totaling $2.23 billion, scheduled in three installments up to April 2026. The first two payments, expected in 2025, will comprise installments of €500 million and €300 million respectively. 
IGT CEO Vince Sadusky highlighted the strategic importance of this deal during a recent earnings call, revealing that IGT earmarked a $500 million investment specifically linked to securing this tender. This funding forms part of a broader €1 billion term loan, signaling IGT’s commitment to capitalizing on Italy’s lottery potential despite a reported 10% revenue decline in Q1.
Strategic Digital Expansion Plans to Boost Revenue
Sadusky emphasized the anticipated benefits of the new agreement, particularly noting the “significant value” of the license. He underlined plans for expanding the digital segment, stating, “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.”
IGT’s Executive Chair, Marco Sala, echoed optimism, describing the Italian lottery contract as “one of the world’s most important lottery contracts.” Sala noted the company’s success over the past 30 years, driven by innovation and advanced technology, adding, “The award is very gratifying, and we are honoured and excited to continue working with the ADM for nine more years.”
Under the terms, the Italian government will receive a concession rate of 6% from total wagers, alongside an additional 8% fee collected from digital channels. This financial structure underlines Italy’s strategy to significantly capitalize on digital gaming growth, aligning with global trends in the lottery and gaming sectors.
Photo credit: Freepik
