Gambling industry is undermining National Lottery, warns chief executive

The head of Premier Lotteries Ireland has called for a ban on bookmakers offering bets on the lottery numbers

‘Ireland is one of the only countries in Europe where it is possible for gambling firms to offer betting odds on the state lottery,’ Andrew Algeo, chief executive of Premier Lotteries Ireland, said

The state’s bid to provide a “safe” National Lottery product for consumers is being undermined by the gambling industry, the chief executive of the lottery operator has claimed.

Andrew Algeo, the chief executive of Premier Lotteries Ireland, who previously worked as managing director of commercial risk at Paddy Power Betfair, said large gambling firms generate more than €500 million in annual sales by offering bets on National Lottery draws and he called for the practice ...