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Jumbo post half-year profit despite lower jackpots impacting revenue

20th December 2016 6:44 am GMT

Sydney-listed online lottery reseller Jumbo Interactive has warned that revenue for the second half of 2016 is likely to be down 14 per cent due to an unusually weak run of jackpot activity during the period.

There were just 14 OZ Lotto and Powerball jackpots above $15m during the first half of the company’s financial year (H2 2016), compared to 24 in the corresponding period last year.

As a result, Jumbo’s total transaction value [...]

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