Jumbo Interactive has extended its agreement for four years.<\/p>\n\n\n\n\n\n\n\n
Australia.-\u00a0Jumbo Interactive Limited\u00a0has announced that it has extended its software licence agreement with Western Australia’s state-owned entity, Lotterywest. The agreement has been extended for four years.<\/p>\n\n\n\n
Jumbo will receive 8 per cent of gross ticket sales up to AU$35m (US$22.3m) and 9 per cent beyond that. The agreement includes provisions for the continuation of a jointly funded marketing program.<\/p>\n\n\n\n
Mike Veverka<\/strong>, the CEO of Jumbo Interactive, said: “Annual ticket sales have grown from AU$30m (US$19.14m) in FY2021 to AU$38m (US$24.24m) in FY2023, due to improvements in the software platform and marketing efforts. Our teams have worked extremely well together over the past two and half years and we are very excited about the next phase of our growing partnership.”<\/p>\n\n\n\n Ralph Addis<\/strong>, CEO of Lotterywest, added: “The relationship with Jumbo has proved to be a great way to meet the needs of our customers, by combining the respective strengths of Lotterywest and Jumbo. The success we\u2019re seeing in customer experience and engagement is a testament to the excellent teamwork and innovation across our teams and a great basis for future development.\u201d<\/p>\n\n\n\n Lotterywest contributed approximately AU$38m (US$24.24m) in ticket sales to Jumbo’s Software as a Service (SaaS) segment in FY23.<\/p>\n","protected":false},"excerpt":{"rendered":" Jumbo Interactive has extended its agreement for four years.<\/p>\n","protected":false},"author":176,"featured_media":10224,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Jumbo Interactive has secured a four-year extension to its software licence agreement with Western Australia's state-owned Lotterywest. The renewed B2B contract maintains a tiered revenue share model, with Jumbo receiving 8-9% of gross ticket sales, and includes provisions for a jointly funded marketing program. This extension underscores a successful partnership, which has driven significant growth in annual ticket sales for Lotterywest's digital channel.","focusai_entities":"Jumbo Interactive Limited, Lotterywest, Mike Veverka, Ralph Addis","focusai_location":"Australia, Western Australia","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.75), product_ux (0.7), tech_data (0.7), investor_analyst (0.95), supplier_vendor (0.95), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Revenue Share Impact","query":"How will the tiered revenue share structure (8% up to AU$35m, 9% beyond) impact Jumbo Interactive's NGR projections, particularly given Lotterywest's recent sales growth trajectory?"},{"label":"Strategic Partnership Evolution","query":"What specific enhancements or innovations are planned for the software platform and joint marketing program to sustain the reported growth in annual ticket sales over the next four years?"}],"footnotes":""},"categories":[16336,157],"tags":[12399],"class_list":["post-777009077","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","tag-jumbo"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777009077"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009077\/revisions"}],"predecessor-version":[{"id":777009091,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009077\/revisions\/777009091"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/10224"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777009077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777009077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777009077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}