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Closure of German lottery reselling business boosts Jumbo Interactive profit

18th August 2017 8:20 am GMT

Australian online lottery retailer Jumbo Interactive has cited a lower than normal run of jackpots for the decline in revenue for its fiscal year ended June 30th.

The company said that the twelve month period to June 30th, 2017, saw only 31 large jackpots of AUD$15m or more compared to 45 a year ago, leading to a fall in active customer numbers and net revenue for the year.

Jumbo's core OzLotteries.com business registered 161,000 new accounts during [...]

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