Allwyn FY23; revenue up 98%, 6% excluding acquisitions

Allwyn has released its figures for FY23. Overall, the lottery and gaming company generated €7.88bn ($8.53bn) across the year, with a consolidated adjusted EBITDA of €1.48bn. Net revenue came to €3.59bn, up 42% from last year's €2.53bn. 

Total gross gaming revenue (GGR) came to €7.55bn, up 98% from last year's €3.81bn.  

Excluding acquisitions 

Excluding acquisitions, €7.88bn in consolidated total revenue reflected growth of 6% year-on-year for Allwyn. Meanwhile, consolidated adjusted EBITDA excluding acquisitions was up 12%. 


By comparison, when including acquisitions, €7.88bn reflects growth of 98%, while €1.48bn in consolidated adjusted EBITDA reflects growth of 27%. 

Allwyn’s most notable acquisition of 2023 was that of Camelot UK, which was cleared by the Gambling Commission in the UK in January and completed in March, purchased from the Ontario Teachers’ Pension Plan Board. Camelot UK is the UK’s National Lottery operator, reporting in May 2023 that, in the 2022/23 period, lotteries in the UK generated £8.19bn ($10.34bn),holdem poker free up 1% year-on-year. 

Allwyn also expanded and developed the Group in 2023, with examples including the rebranding of Camelot Illinois to Allwyn North America in October as well as launches in locations like Austria and Greece. It also engaged in several partnerships throughout the year, including with Vodafone for the UK lottery and 0xCollection in Switzerland.