The licence will pass to Allwyn in 2024 after rival Camelot dropped its legal challenge.
The new operator of the National Lottery has said it hopes to more-than-double the amount of money allocated for good causes.It comes after Camelot, which ran the lottery for 30 years, dropped a legal challenge which was preventing the handover of the £6.4bn contract.Camelot drops legal challenge over National Lottery licence transfer
"We have exciting plans for this important and cherished institution, crucially raising even more proceeds for good causes across the country, improving the player experience through the latest technology and ensuring safe participation." Andrew Rhodes, chief executive officer of the Gambling Commission said: "We are pleased to have officially awarded the fourth licence to Allwyn following a highly successful competition and the court's decision to lift the suspension on the award process."