Lottery Retailing February 2025 Trading Update
| Stock | Jumbo Interactive Ltd (JIN.ASX) |
|---|---|
| Release Time | 21 Feb 2025, 8:26 a.m. |
| Price Sensitive | Yes |
Jumbo Interactive Provides Lottery Retailing Update for February 2025
- Lottery Retailing Total Transaction Value (TTV) was $69.9 million
- Marketing costs were equivalent to 3.2% of Lottery Retailing TTV
- Active players who made a purchase in the 12-month period up to 11 February 2025 were 893k
Jumbo Interactive Limited (ASX:JIN) has announced its results for the half year ended 31 December 2024, which includes a year-to-date trading update for the company's Lottery Retailing segment. The trading update covers the first six weeks of the second half of FY25 and is based on unaudited management accounts up to 11 February 2025. The key points from the update are: Lottery Retailing Total Transaction Value (TTV) was $69.9 million; Marketing costs were equivalent to 3.2% of Lottery Retailing TTV; and Active players who made a purchase in the 12-month period up to 11 February 2025 were 893k. The large jackpot environment in the first six weeks of 2H25 improved relative to 1H25, with 9 Powerball and Oz Lotto jackpots greater than or equal to $15 million and an aggregate division 1 prize value of $410 million, equivalent to an average value per jackpot of $45.6 million. However, the prior corresponding period included a record $200 million Powerball jackpot. Jumbo's Managing Director, CEO and Founder, Mike Veverka, commented that while the large jackpot environment in the first six months of FY25 was relatively subdued, prompting changes to marketing techniques and cost base management, the first six weeks of the second half have seen an improvement, although the comparative period included the record $200 million Powerball jackpot.
While the first six weeks of the second half of the financial year reflects an improvement on the first half, the comparative period includes the record $200 million Powerball jackpot on 1 February 2024. Jumbo will continue to be disciplined around costs and changes to its marketing playbook have been encouraging. The company has seen an uptick in the first six weeks of 2H25, despite estimating a decline in its share of total Powerball and Oz Lotto ticket sales in 1H25.