The Lottery Corporation posts solid revenue growth

The lotteries and Keno operator reported a 2 per cent revenue increase.

Australia.- The Lottery Corporation has reported that annual group revenue rose 2 per cent year-on-year to AU$1.82bn (US$1.19bn). Net Profit After Tax (NPAT) slipped 1.4 per cent to AU$173.3m (US$113m). EBITDA was AU$367m (US$240m), down 0.7 per cent.

The operator, which runs lotteries and Keno products across Australia following its 2022 demerger from Tabcorp, declared an interim dividend of 8.0 cents per share. That’s unchanged year-on-year and equivalent to a payout ratio of approximately 103 per cent of NPAT.

The reporting period was marked by the least favourable jackpot outcomes since the company’s spin-off, with lower volumes in flagship draw games such as Powerball and Oz Lotto. Jackpot activity fell 14.2 per cent compared to the previous year, resulting in an estimated turnover impact of around AU$400m (US$261m).

Digital sales continued to expand as a share of total lotteries turnover, reaching 41.2 per cent, up from 40.4 per cent in the prior year period.

Keno revenue increased by 7 per cent to AU$199.3m (US$130m), and EBITDA rose 6.2 per cent.

See also:

See also: SkyCity appoints chief financial officer

The lotteries and Keno operator reported a 2 per cent revenue increase. Australia.- The Lottery Corporation has reported that annual group revenue rose 2 per cent year-on-year to AU$1.82bn (US$1.19bn). Net Profit After Tax (NPAT) slipped 1.4 per cent to AU$173.3m (US$113m). EBITDA was AU$367m (US$240m), down 0.7 per cent. The operator, which runs lotteries…