Jumbo Interactive, one of the biggest digital retailers of national jackpot lotteries and charity lotteries in Australia, announced that it recorded a revenue increase of 29 percent in the first half of the 2021-2022 fiscal year.
The company’s revenue for the six months through to 31 December 2021 amounted to 52.8 million Australian dollars, a significant increase from the 40.9 million that were generated in the corresponding period of the 2020-2021 financial year.
The main source of revenue for Jumbo remains retail lottery, this segment generated 46.7 million Australian dollars in revenue during the last six months of 2021, representing an increase of 23.6 percent year-on-year. The company revealed that this increase was mainly due to increased player activity as larger jackpots were up for grabs.
Software as a service (SaaS) revenue also recorded an impressive revenue increase, even though the total amount was not that significant. This segment generated 2.4 million Australian dollars in revenue, an increase of 69.1 percent compared to the last six months of 2020.
That improved result was due to the company scaling up current customers in the Australian market, especially thanks to the long-term agreement that Jumbo signed with Lotterywest at the end of 2020.