Leading internet lottery business, Australia-based Jumbo Interactive, has released full-year results that are highlighted by growth during a period of lower jackpot activity cycling from very strong results in FY2019.
Revenue was A$71m, up nine per cent, and underlying EBITDA was A$43.2m, up eight per cent.
“Covid-19 restrictions helped drive players online, which helped deliver an increase in ticket sales despite lower jackpots compared to the previous strong year,” said Mike Veverka, CEO and founder of Jumbo Interactive.
“In addition, the Software as a Service business continues to grow with the signing of our fifth contract with the Classics for a Cause lottery and the completion of the onboarding process for the Mater Lottery,” he said.
