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Strong first half for Jumbo as lottery jackpots boost revenue and profit

11th December 2018 6:42 am GMT

Australian online lottery reseller Jumbo Interactive expects to post a 55 per cent increase in revenue to AUD$29.9m for the six month period ended December 31st, benefiting from a strong run of large jackpots.

Providing guidance on the first half of its financial year, the company said that total transaction value (TTV) is expected to climb 64 per cent to $145.8m, with strong underlying growth from increased customer activity on its newly upgraded platform.

The TTV growth is expected [...]

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