Tatts Group reports a 3.6 per cent rise in gambling revenue

Tatts Group, an Australia-based betting and gaming provider, has announced its annual financial results for the year ended 30 June 2018.

The company’s revenue has increased by 3.6 per cent to A$2,866.6m. Lotteries revenue and gaming services revenues were the main factors for the revenue increase.

The lotteries revenue was $2,112.2m, up 4.9 per cent, benefitting from a favourable jackpot sequence compared to the prior financial year. Gaming services revenue grew by 2.1 per cent, supported by increases in value-added MAX and TITO services.

Wagering revenue, however, was $530m, marginally down by 0.5 per cent. Totalisator revenue was $262.8m, down 6.5 per cent, but there was a 5.6 per cent increase in fixed odds racing revenue and an 11.6 per cent increase in fixed odds sports revenue. UBET revenue growth turned positive in the second half of the year up 1.2 per cent and UBET fixed odds revenue growth improved to 9.6 per cent.

Turnover from digital channels increased by 12.9 per cent, assisted by a successful football World Cup campaign and new products such as UBET’s Tappy. As part of the integration of the Tabcorp and Tatts businesses, Tabcorp has commenced deploying its systems and processes into UBET’s operations. Tabcorp’s TAB wagering brand is planned to be rolled out into the UBET states after the Spring Racing Carnival in the 2019 financial year.

Source: Tatts Group