ZEAL Network SE is a digital lottery broker and online gaming provider operating primarily in Germany. The company's core business model revolves around brokering lottery tickets to official state lottery companies and charity lottery operators on behalf of its customers. It operates through its consumer-facing portals, LOTTO24 and Tipp24, allowing users to participate in draws such as LOTTO 6aus49, Eurojackpot, and GlücksSpirale. ZEAL generates the vast majority of its revenue through commissions and service fees earned on these ticket sales. In 2025, the company's core lottery brokerage business accounted for approximately 89% of its total revenue, which reached €218.5 million.
Beyond traditional lottery brokerage, ZEAL has diversified its product offerings to include proprietary charity lotteries, notably the Traumhausverlosung (Dream House Raffle) and freiheit+, which provide alternative revenue streams. Furthermore, the company has expanded into the online gaming sector, offering virtual slot machines and instant win games that complement its core lottery products. While its primary market is Germany, ZEAL also maintains an international presence by managing online operations for Spain's ONCE charity lottery and investing in industry-specific start-ups through its ZEAL Ventures arm. The company's transition from a traditional lottery broker to a broader digital entertainment ecosystem helps it mitigate the volatility associated with jackpot-driven customer acquisition.
