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Lottery reseller Jumbo sees profit climb despite fall in revenue

21st February 2017 6:57 am GMT

Sydney-listed online lottery reseller Jumbo Interactive has reported a 9 per cent fall in revenue to AUD$16.1m for the six month period ended December 31st, with results impacted by a lower level of large jackpot activity in its core Australian market.

Total transaction value (TTV) was down 12 per cent year-on-year to $71m, with just 15 large jackpots occurring during the second half of 2016, corresponding to the operators first-half financial year.

Charity lottery sales reached $1.6m for [...]

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