Jumbo Interactive Limited is an Australian

corporation A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity (a legal entity recognized by private and public law "born out of statute"; a legal person in legal context) and r ...

and reseller of lottery games in Australia under agreement with government licensed lottery operator

Tatts Group In 2017, Tatts Group combined with Tabcorp Holdings Limited under the Tabcorp brand. Tatts Group history The company had three divisions: Lotteries, Wagering and Gaming Solutions. Lotteries Tatts Group had a near monopoly on lotteries in Aust ...

. Jumbo Interactive operates ozlotteries.com, one of Australia's largest e-commerce websites retailing Australian lotteries, such as Saturday Lotto,

Oz Lotto Oz Lotto is a national lottery game, owned by Tatts Group and administered by its lottery brand ' the Lott' in all Australian States with the exception of Western Australia, where the lottery is administered by Lotterywest. The draw takes plac ...

and

Powerball Powerball is an American lottery game offered by 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. It is coordinated by the Multi-State Lottery Association (MUSL). From its inaugural drawing on April 19, 1992, unti ...

. Jumbo Interactive is a publicly listed corporation on the

Australian Stock Exchange Australian Securities Exchange Ltd or ASX, is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or confused within Australia as, ...

(ASX:JIN).

History

Jumbo Interactive was founded by Mike Veverka in 1995 as a software developer and an Internet Service Provider in

Queensland ) , nickname = Sunshine State , image_map = Queensland in Australia.svg , map_caption = Location of Queensland in Australia , subdivision_type = Country , subdivision_name = Australia , established_title = Before federation , established_ ...

, Australia. In 1999, the company listed on the Australian Stock Exchange as Jumbomall.com Focus shifted towards internet lotteries when the

Interactive Gambling Act The Interactive Gambling Act (IGA) was passed in June 2001 by the Australian Government with the purpose of protecting the Australian public from the detrimental effects of online gambling. Act The Interactive Gambling Act (2001) was passed by ...

was passed by the

Australian Parliament The Parliament of Australia (officially the Federal Parliament, also called the Commonwealth Parliament) is the legislature, legislative branch of the government of Australia. It consists of three elements: the monarch (represented by the ...

in 2001. Starting with smaller state-based charity lotteries, the company shifted to national lottery games with the acquisition of TMS Global Services in 2005. This business operated a lottery network since 1984 in various Pacific nations in agreement with

Tattersalls Tattersalls (formerly Tattersall's) is the main auctioneer of race horses in the United Kingdom and Ireland. Founding It was founded in 1766 by Richard Tattersall (1724–1795), who had been stud groom to the second Duke of Kingston. T ...

. Jumbo acquired Manaccom, a software publisher, in 2007 and focus shifted towards the Internet and to the development of Oz Lotteries website, which continues to this day, having serviced in excess of 1.5 million customers. In May 2017 Tatts Group invested $15.6 million in Jumbo, and acquired a 15% stake. In November 2019, Jumbo acquired the UK lottery manager Gatherwell Limited, which creates, launches and manages lottery systems. In November 2020, Jumbo signed an agreement with

Lotterywest Lotterywest was established in 1932 as the Lotteries Commission of Western Australia, to run the lottery in Western Australia. It is referred to in the legislation as the Lotteries Commission. It distributes profits to a number of community bene ...

to provide its online software platform and services for up to the next 10 years. In November 2022, it was announced Jumbo had completed the acquisition of the UK-based external lottery manager and digital payments business, StarVale Group.

Financial statements

At the end of financial year 2016, Jumbo Interactive's TTV (total transaction value) was $156 million. The company's website Oz lotteries continued its unbroken run customer growth since relaunch in 2005 with its database increasing by 10% even in a period of reduced jackpots. Comparing like-for-like jackpots, sales are growing consistently, with the TTV for FY2017 reaching $142 million. The 2017 financial year saw Jumbo reach a net profit after tax of $7.6 million on a continuing basis. In 2019 Jumbo's share price increased by 263% during the first 10 months of the year. By November 2020 the company experienced a significant share price movement during the third quarter of the year on the ASX, rising to highs of AU$14.97 and falling to the lows of AU$10.63.

References

External links

Company Listing ASX"Jumbo Interactive back from the dead", Australian Financial ReviewAsia Pacific Lottery AssociationWorld Lottery Association
{{S&P/ASX 200 Technology companies of Australia Companies listed on the Australian Securities Exchange Australian companies established in 1995