Australia

Jumbo Interactive Extends Lottery Agreement with Lotterywest

Published

2 years ago

September 12, 2023

Niji Narayan

Reading Time: < 1 minute

Jumbo Interactive has announced that it has extended its software licence agreement with Western Australia’s state-owned entity, Lotterywest. The agreement has been extended for four years.

Jumbo will receive 8% of gross ticket sales up to AU$35m (US$22.3m) and 9% beyond that. The agreement includes provisions for the continuation of a jointly funded marketing programme.

Mike Veverka, CEO of Jumbo Interactive, said: “Annual ticket sales have grown from AU$30m (US$19.14m) in FY2021 to AU$38m (US$24.24m) in FY2023, due to improvements in the software platform and marketing efforts. Our teams have worked extremely well together over the past two and half years and we are very excited about the next phase of our growing partnership.”

Ralph Addis, CEO of Lotterywest, said: “The relationship with Jumbo has proved to be a great way to meet the needs of our customers, by combining the respective strengths of Lotterywest and Jumbo. The success we’re seeing in customer experience and engagement is a testament to the excellent teamwork and innovation across our teams and a great basis for future development.”

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.