Brightstar Lottery PLC: Business Overview, Financials & Competitive Analysis
Brightstar Lottery is a pure-play global lottery company focused on end-to-end solutions, providing lottery management services, instant lottery systems, land-based operations, and iLottery platforms, including point-...
Cyborg Score thesis
Premium-quality recurring revenue business with market-leading positions globally, improving capital structure, and attractive...
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Get Current Report FreeBrightstar Lottery PLC Overview
Pro stress-test →Brightstar Lottery is a pure-play global lottery company focused on end-to-end solutions, providing lottery management services, instant lottery systems, land-based operations, and iLottery platforms, including point-of-sale machines linked to centralized processing. The company reported revenue of $2.5 billion for 2025 with a 45% EBITDA margin, generating $1.1 billion in EBITDA.
Strategic Profile
Pro stress-test →Brightstar Lottery is the largest and most advanced lottery operator and technology provider globally, across both retail and digital channels. The company focuses on strategic fits that enhance core strengths in digital and iLottery, prioritizing organic growth and strategic partnerships aligned with geographical and product strengths.
Competitive Landscape
Pro stress-test →Key competitors include Lottomatica Group S.p.A., Inspired Entertainment Inc., and other gaming operators. Despite leadership position, strong margins, and resilient cash flows, Brightstar trades at a significant valuation discount to lottery peers and an even larger discount to adjacent sectors like sports betting and iCasino.
Industry Context
Brightstar Lottery PLC operates in Gaming - Lottery Operations & Technology.
Key facts
Founded: 2014 · Headquarters: London, United Kingdom · Revenue: $2.51B · Market cap: $2.99B