In fiscal year 2021, we plan to further expand our market leadership as an online provider of state lottery and other permitted lottery products. Depending on the general conditions, in particular the jackpot development, we expect billings of at least €700 million for the Germany segment. Following exceptionally strong jackpots in the previous year, we have assumed an average jackpot development, resulting in a lower growth rate than in the previous year.
Moreover, we expect revenue to be at least €95 million in fiscal year 2021. With similarly high marketing investments as in the previous year of around €32 million to acquire new registered customers, adjusted EBITDA is expected to reach at least €20 million.