Australia

Jumbo Interactive Announces FY2020 Results

Published

6 years ago

August 27, 2020

Reading Time: 3 minutes

Australian online lottery retailer Jumbo Interactive has announced its FY2020 results. The company has reported an 8.7% year-on-year growth in revenue and is now targeting growth in markets such as the UK, US and Canada as it aims to increase sales to AU$1bn. Total sales for the 12 months to 30 June amounted to AU$348.6m ($251.0m), with revenue rising from $65.2m to $71.2m.

Its core Australia Lotteries saw revenue increase 6.9% year-on-year to $68.7m, aided by a $260,000 contribution from its burgeoning software-as-a-service business, as well as large jackpots driving customer activity.

In terms of spending for the year, costs of sales were up 5.1% to $5.3m, while administrative expenses also increased 46.5% to $23.6m. However, Jumbo was able to reduce marketing costs by 19.9% to $5.6m, while occupancy expenses were cut by 86.0% to $104,000 for the year.

After taking into account $222,000 in finance costs and $176,000 in fair value movement on financial liabilities, this left Jumbo with a $37.4m profit before tax, down slightly from $38.2m at the end of its 2019 financial year.

Jumbo paid $11.5m in tax during the year, and after also including a $676,000 negative impact from foreign currency translation, this meant comprehensive profit for the year amounted to $25.2m, down 4.6% from $26.4m in 2019. However, in terms of underlying earnings before interest, tax, depreciation and amortisation, this increased by 7.7% to $43.2m.

“The online lottery industry has experienced further growth and this is expected to continue, especially as we broaden the charity lottery tickets we are now selling through our Powered by Jumbo software, which we feel will not only assist our profitability but also the deserving charities we are focusing on. We have often been asked if the Covid-19 pandemic has had an effect on our operation. With the experience of our major shareholder and CEO Mike Veverka and his very skilled staff, we have been able to continue to work both within the office and from the staffs’ respective homes,” David Barwick, chairman of Jumbo Interactive, said.

Veverka said that with online sales of lottery tickets accounting for 28% of Australian sales, the industry “clearly has a lot of growth ahead.”

“Lotteries are perfect for the internet and customers enjoy a top quality experience whether they play on OzLottries.com or another lottery using the Jumbo platform. Continual innovation is driving the customer experience even higher and is ensuring lotteries continue to remain popular into the future.”

Veverka also highlighted Jumbo signing a long-term extension to its reseller agreement with Australian lotteries and gaming operator Tabcorp, saying this will help to support its growth plans moving forward.

“The recent 10-year agreement with Tabcorp is an important milestone as it gives Jumbo certainty and the ability to plan long term. The next 10 years will be exciting as the internet share of ticket sales race up as players, young and old, enjoy the experience of playing online,” he said.

“From humble beginnings with a single computer in 1995, Jumbo has navigated many challenges and is ready for the growth that lies ahead. Our staff and partners over the years deserve enormous credit for this growth due to their efforts and trust in the vision to grow through technology,” he added.

Jumbo’s international lottery advisor Richard Bateson said that the retailer has identified opportunities for its iLottery and iRetailer solutions in the US, as more states move lotteries online.

“The iLottery proposition provides lotteries with an integrated digital lottery channel that is more efficient and effective than its industry competitors. The iRetailer proposition provides lotteries with a standalone digital channel that is self-sufficient and does not require operating cost or marketing budget to be diverted from the lottery’s main operations,” Bateson said.

“Once there is an established foothold in Canada, management believes the model can be exported to other parts of the North American region, using the expertise of the local market in adjacent markets. The international ambition is to drive sustainable businesses in the UK, the US and Canada that will be used as a beachhead in each region to grow into other markets and sectors,” Bateson added.

Australia

Elections, Bitcoin, and the Australian Open: Slotegrator breaks down prediction markets in new ebook

Published

5 hours ago

June 10, 2026

Wladimir P.

elections,-bitcoin,-and-the-australian-open:-slotegrator-breaks-down-prediction-markets-in-new-ebook

Annual trading volume in the prediction market vertical grew from $500 million to $64 billion in only three years. What’s behind their explosive popularity? In a new ebook, Slotegrator lays out why this latest evolution in betting has so much appeal for players and what operators need to consider before launching their own prediction market.

Why have prediction markets captured so much attention? In a new downloadable ebook, Slotegrator lays out the factors behind the vertical’s popularity, analyzes how prediction markets are disrupting the modern betting landscape, and provides a checklist to help readers decide if
the time is right for them to add a prediction market to their platform.

In the ebook, Slotegrator highlights generational shifts in preferences and behavior, such as the increase in younger players who are familiar with trading and financial markets, as one of the main drivers in the rise of the format. There’s also a widespread change in values; players view the P2P exchange mechanic, in particular, as a more transparent form of betting than wagering against the house.

“Today, the audience’s attention shifts in real time across platforms, and digital experiences evolve constantly. If you’re not actively tracking where engagement is moving, you’re not just behind the trend — you’re already losing relevance in the market,” comments Olga Ivanchik, COO of Slotegrator.

Opinion-based betting allows users to trade literally any event from politics to current events. The pursuit of getting a more interactive, dynamic, and fair experience is reflected in prediction market mechanics: the odds in this type of betting are not set by the house but fluctuate in accordance with supply and demand — players bet against each other, and the platform generates revenue on commissions based on the amount of bets.

“This transition eliminates the old conflict of interest and gives us a more transparent, equitable, and stimulating experience where value is defined by the market itself”, says Maksym Shtun, Product Owner at Slotegrator.

The report provides analytics with key figures, regulatory notes, expert comments, and an explanation of the mechanics involve. It also includes useful tips for readers:

A checklist that will help operators understand whether they need prediction markets on
their platform
Tips and recommendations on the events for betting by region
Comparison of prediction market mechanics with classic sportsbooks
Analysis of relevant psychological factors
Breakdown of how exactly how prediction markets generate revenue

Download the guide and get a full understanding of the prediction market phenomenon. Be among the first operators to make the most of the quickest growing opportunity in iGaming.

ABOUT THE COMPANY

Since 2012, Slotegrator has been one of the iGaming industry’s leading software and business solution providers for online casino and sportsbook operators.

The company’s main focus is software development and support for online casino platforms, as well as the integration of game content and payment systems.

The company works with licensed game developers and offers a vast portfolio of casino content: slots, live casino games, poker, virtual sports, table games, lotteries, casual games, and data feeds for betting.

Slotegrator also provides consulting services in gambling license acquisition and business incorporation.

The post Elections, Bitcoin, and the Australian Open: Slotegrator breaks down prediction markets in new ebook appeared first on EE Gaming | Global iGaming & Tech Intelligence Hub.

Australia

Elections, Bitcoin, and the Australian Open: Slotegrator breaks down prediction markets in new ebook

Published

5 hours ago

June 10, 2026

GamingAmericas.com

The report provides analytics with key figures, regulatory notes, expert comments, and an explanation of the mechanics involve. It also includes useful tips for readers:

A checklist that will help operators understand whether they need prediction markets on
their platform
Tips and recommendations on the events for betting by region
Comparison of prediction market mechanics with classic sportsbooks
Analysis of relevant psychological factors
Breakdown of how exactly how prediction markets generate revenue

Download the guide and get a full understanding of the prediction market phenomenon. Be among the first operators to make the most of the quickest growing opportunity in iGaming.

ABOUT THE COMPANY

Since 2012, Slotegrator has been one of the iGaming industry’s leading software and business solution providers for online casino and sportsbook operators.

The company’s main focus is software development and support for online casino platforms, as well as the integration of game content and payment systems.

Slotegrator also provides consulting services in gambling license acquisition and business incorporation.

The post Elections, Bitcoin, and the Australian Open: Slotegrator breaks down prediction markets in new ebook appeared first on Americas iGaming & Sports Betting News.

Australia

NSW Scores with Extended Trading for FIFA World Cup

Published

2 days ago

June 8, 2026

Wladimir P.

nsw-scores-with-extended-trading-for-fifa-world-cup

The Minns Labor Government is giving fans the chance to enjoy early-morning matches and provide a boost to local hospitality venues with extended trading hours for licensed venues statewide during the FIFA World Cup.

The biggest and most watched sporting event on the planet is being played in the US, Canada and Mexico from 11 June to 19 July, with 48 nations competing for the Cup.

Pubs, clubs and bars statewide can operate extended hours when they broadcast Australian group stage matches, all the knockout rounds (16 and 32) and the finals.

There are also two free public live sites operating, Tumbalong Park at Darling Harbour and Cathy Freeman Park at Sydney Olympic Park.

Both will host live broadcasts of every Socceroos match on giant screens, beginning with Australia vs Türkiye on 14 June at 2pm (AEST), USA vs Australia on 20 June at 5am, and Paraguay vs Australia on 26 June at 12pm.

Finals matches are also scheduled at Tumbalong Park from 10 July through to 20 July, including quarter-finals, semi-finals and the final.

Extended trading will also apply to licensed premises when the Darling Harbour live site screens afternoon games. This applies to the City of Sydney local government area, including Sydney, Pyrmont, Ultimo, Surry Hills, Darlinghurst, Haymarket, The Rocks, Barangaroo, Dawes Point, Millers Point, Elizabeth Bay, Potts Point, Rushcutters Bay and Woolloomooloo.

This is part of the NSW Government’s Special Event Extended Trading initiative, which allows venues to trade outside regular times during major cultural and sporting events. It is just one of several measures supporting the government’s broader Vibrancy Reforms aimed at enhancing the night-time economy in NSW, catering to industry and consumer needs.

The extended trading covers on-premises alcohol service only, not takeaway, and venues cannot operate gaming machines unless already authorised to do so.

Minister for Gaming and Racing David Harris said: “The FIFA World Cup is the biggest sporting event on the planet and expected to draw strong crowds to venues across NSW, supporting the NSW Government’s commitment to a safe, vibrant and responsible night-time economy during major global events.

“Extended trading hours mean fans can come together and enjoy ‘the beautiful game’ while supporting local venues.

“With many World Cup games screening in the early hours of the morning, this is a great opportunity for fans to get together at their local pub or club, get behind the Socceroos and hopefully celebrate some big wins.

“These extended hours also provide a vital boost to our hospitality industry, a key pillar of our night-time economy, by enabling venues to serve more patrons, create more jobs and increase business activity.

“Venues operating under extended hours must continue to meet responsible service of alcohol requirements and put the right measures in place to keep patrons safe.”

Australian Hotels Association NSW, Director of Policy Chris Gatfield said: “Sydney is a vibrant, international city. There are a lot of football fans here, both homegrown and visiting from overseas, and the extended hours mean they won’t miss a moment of the action.

“We’re particularly pleased hotels will also be able to apply to trade earlier or later for the group matches through an application process.

“Get out of the cold and into a venue – there’s no better place to watch the World Cup than down at the local with your mates.”

The post NSW Scores with Extended Trading for FIFA World Cup appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.