Jumbo Interactive, one of the largest digital retailers of national jackpot lotteries and charity lotteries in Australia, has announced its results for the 2022 fiscal year and the numbers show a significant increase in revenue.
In fact, the Australian company generated 104.3 million Australian dollars in revenue in the 2022 fiscal year, a figure which represents an increase of 25.1 percent over the results recorded in the 2021 financial year.
Revenue from retail lottery operations amounted to 91.1 million Australian dollars, which is 26.7 percent higher than the previous year. The good results in this segment were helped a lot by 43 big jackpots of over 15 million dollars that were available for Powerball and OzLotto.
The company’s software as a service (SaaS) business also recorded a revenue increase of 31.9 percent to a total of 42.7 million Australian dollars. That good result was largely due to an increase of 39 percent in the number of active players thanks to the long-term agreement signed with Western Australia’s Lotterywest at the end of 2020.
Revenue from managed services amounted to 4.8 million Australian dollars, a figure which represents a large increase of 46.6 percent compared to the previous year. Moreover, Jumbo reported an increase of 14.3 percent in earnings before interest, tax, depreciation and amortization (EBITDA) to a grand total of 54.1 million Australian dollars.