Jumbo Interactive Limited is an Australian

corporation A corporation or body corporate is an individual or a group of people, such as an association or company, that has been authorized by the State (polity), state to act as a single entity (a legal entity recognized by private and public law as ...

and reseller of

lottery games A lottery (or lotto) is a form of gambling that involves the drawing of numbers at random for a prize. Some governments outlaw lotteries, while others endorse it to the extent of organizing a national or state lottery. It is common to find som ...

Australia Australia, officially the Commonwealth of Australia, is a country comprising mainland Australia, the mainland of the Australia (continent), Australian continent, the island of Tasmania and list of islands of Australia, numerous smaller isl ...

under agreement with government licensed lottery operator Tatts Group. Jumbo Interactive operates ozlotteries.com, one of Australia's largest e-commerce websites retailing Australian lotteries, such as Saturday Lotto, Oz Lotto and

Powerball Powerball is an American lottery game offered by 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands, and overseen by the Multi-State Lottery Association (MUSL), which also manages other large jackpot games such as t ...

. Jumbo Interactive is a publicly listed corporation on the

Australian Stock Exchange Australian Securities Exchange Ltd (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 Queensland ( , commonly abbreviated as Qld) is a States and territories of Australia, state in northeastern Australia, and is the second-largest and third-most populous state in Australia. It is bordered by the Northern Territory, South Austr ...

, 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'' (Cth) (or IGA for short) is an Act of the Parliament of Australia, with the purpose of regulating online gambling. The law makes it an offence for online gambling websites to provide their services to customers ...

was passed by the

Australian Parliament The Parliament of Australia (officially the Parliament of the Commonwealth and also known as the Federal Parliament) is the federal legislature of Australia. It consists of three elements: the Monarchy of Australia, monarch of Australia (repr ...

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. ...

. 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 2012, Robert Leitz acquired a >5% stake in Jumbo via his fund, iolite Partners, during a period of international expansion challenges. Jumbo’s market capitalization rose from A$50 million in 2012 to A$1.1 billion by mid-2019. 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 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