The industry and where the money goes
Almost nobody knows who runs the lottery they play. The answer falls into four distinct models, and which one applies changes who profits.
A lottery brand and a lottery operator are rarely the same thing. The National Lottery is a brand; Allwyn runs it. Powerball is a brand; no single company runs it at all. This article maps the brands on this site to the organisations behind them, and to the four ownership models that keep recurring.
1. Government department or state agency. The lottery is the state. Brazil's Mega-Sena is run by Caixa Econômica Federal, a federal bank; Spain's La Primitiva by Loterías y Apuestas del Estado (SELAE); the Philippines by the Charity Sweepstakes Office. Profits go straight to the public purse with no shareholder in the chain.
2. State-owned company. Legally separate, commercially run, wholly state-owned. Finland's Veikkaus, Norway's Norsk Tipping, Sweden's Svenska Spel, Poland's Totalizator Sportowy, Hungary's Szerencsejáték Zrt. and Romania's Loteria Română all sit here.
3. Private licensee or concession. A government auctions the right to run the lottery for a fixed term. The UK, Ireland, Italy, South Africa and several US states use this model. It is the only one in which a private shareholder takes a profit from lottery sales — the 1p per pound identified in where each pound or dollar goes.
4. Consortium or cooperative. Independent lotteries pool their players into one game. US Powerball, Mega Millions, EuroMillions, Eurojackpot, Canada's national games and Germany's 6aus49 all work this way, and it is the model that makes very large jackpots possible at all.
| Brand | Operator | Model |
|---|---|---|
| UK Lotto, Thunderball, UK EuroMillions | Allwyn Entertainment | Private licensee |
| Irish Lotto | Premier Lotteries Ireland (FDJ Group) | Private licensee |
| French Loto | La Française des Jeux (FDJ) | Private licensee |
| SuperEnalotto | Sisal S.p.A., under ADM concession | Concession |
| Australian Powerball, Oz Lotto, Saturday Lotto | The Lottery Corporation (trading as The Lott) | Private licensee |
| US Powerball | Multi-State Lottery Association (MUSL) | Consortium |
| Mega Millions | Consortium of US state lotteries | Consortium |
| Lotto 6/49, Lotto Max | Interprovincial Lottery Corporation (OLG, WCLC, BCLC, Loto-Québec, ALC) | Consortium |
| EuroMillions | EuroMillions consortium (nine national operators) | Consortium |
| Eurojackpot | Eurojackpot consortium, drawn in Helsinki by Veikkaus | Consortium |
| 6aus49 | Deutscher Lotto- und Totoblock | Consortium of state lotteries |
| Mega-Sena | Caixa Econômica Federal | State bank |
| La Primitiva | Loterías y Apuestas del Estado (SELAE) | State agency |
| SA Lotto, SA PowerBall | Sizekhaya Holdings | Private licensee |
| Loto 6 | Takarakuji (banks consortium, Mizuho Bank) | State-sanctioned consortium |
| Lotto 6/45 | Donghaeng Lottery | Licensee |
| Toto | Singapore Pools | State-owned |
| Mark Six | The Hong Kong Jockey Club | Non-profit club |
| NZ Lotto | Lotto New Zealand | State-owned |
Allwyn is now the largest single force in Western European lotteries, and it assembled that position in about a decade. Its own portfolio page lists the run:
| Year | Acquisition or licence |
|---|---|
| 2011 | Sazka — Czech Republic |
| 2013 | OPAP — Greece |
| 2015 | Österreichische Lotterien — Austria |
| 2022 | The National Lottery — United Kingdom |
| 2023 | Illinois Lottery — United States |
The UK step is the one worth understanding. Camelot had run the National Lottery since it launched in 1994, through the First, Second and Third Licences. Allwyn won the Fourth Licence, and then bought its predecessor: Ontario Teachers' Pension Plan Board, which had owned Camelot for around twelve years, agreed to sell it to Allwyn in November 2022, and the Gambling Commission cleared the deal on 22 January 2023.
Allwyn's own statement of the effect is that the purchase would "lead Camelot through to the end of the Third Licence in January 2024", with "Allwyn becomes the operator of The National Lottery under the Fourth Licence from February 2024" (Allwyn).
The Camelot story is a small lesson in the licence model. A private consortium ran a national institution for thirty years, was owned for the last twelve of them by a Canadian teachers' pension fund, and was ultimately bought by the company that had just displaced it. Whether that arrangement served the good causes well is examined in the good causes claim, where the National Audit Office's comparison of operator profit growth against good-causes growth is set out in full.
Until 2022, Australia's lotteries sat inside Tabcorp alongside wagering and gaming. Shareholders approved a demerger on 12 May 2022 and it was implemented on 1 June 2022, creating The Lottery Corporation Limited (ASX: TLC) as a standalone business operating The Lott and Keno, with licences in every state and territory except Western Australia (The Lottery Corporation).
Western Australia is run separately by Lotterywest, a state body — which is why Australian lottery spend per adult is 65% higher in WA than the national average, since WA also has no non-casino gaming machines.
Any source still describing The Lott as "Tabcorp" is out of date.
South Africa is the clearest live example of the licensee model, because the operator changes every several years and everything visible about the games changes with it.
| Operator | Period |
|---|---|
| Uthingo | 2000–2007 |
| Gidani | 2007–2015 |
| Ithuba Holdings | 2015–2026 |
| Sizekhaya Holdings | from June 2026 |
(South African National Lottery; iGaming Business on the eight-year fourth licence.)
The handover was not merely administrative. SA Lotto returned to a 6-from-52 matrix with one bonus ball under Sizekhaya, giving Division 1 odds of C(52,6) = 1 in 20,358,520. Players in licensee jurisdictions should expect the game itself to be renegotiated whenever the licence is.
Games with nine-figure odds are only viable because dozens of independent lotteries pool their players.
The arithmetic reason for all of this is in jackpot fatigue: pooling players does not raise the expected jackpot on its own, but it makes a long-odds matrix commercially viable, and a long-odds matrix is what produces enormous headline numbers. The consortium and the matrix are two halves of the same design.
Three practical consequences.
Who profits differs. In a state agency there is no private margin. In a licensee jurisdiction there is — around 1p in the pound in the UK on DCMS's expectation. That does not make one better, but it changes what the money is for.
Rules change when licences change. South Africa's matrix changed with its operator. UK games have been redesigned within licences too — see the history of jackpot inflation. Always check the operator's current rules rather than an article; every game page on this site cites the operator page it was verified against.
Regulation is separate from operation. In Britain the Gambling Commission regulates and Allwyn operates. In Brazil, Caixa does both jobs inside the state. Where the regulator is independent of the operator, the audit trail described in is the lottery rigged? is considerably stronger.
Last verified: 2026-08-29