{"id":157,"date":"2024-06-17T07:37:09","date_gmt":"2024-06-17T04:37:09","guid":{"rendered":"https:\/\/dreamscasinonodepositbonuscodes.icu\/2024\/06\/17\/jumbo-interactive-experiences-revenue-surge-driven-by-lottery-sales-and-saas-growth\/"},"modified":"2024-06-20T17:06:28","modified_gmt":"2024-06-20T14:06:28","slug":"jumbo-interactive-experiences-revenue-surge-driven-by-lottery-sales-and-saas-growth","status":"publish","type":"post","link":"https:\/\/dreamscasinonodepositbonuscodes.icu\/2024\/06\/17\/jumbo-interactive-experiences-revenue-surge-driven-by-lottery-sales-and-saas-growth\/","title":{"rendered":"Jumbo Interactive Experiences Revenue Surge Driven by Lottery Sales and SaaS Growth"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/IWl0EtL4Hio\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>A major Australian lottery corporation, Jumbo Interactive, experienced a substantial 29% revenue surge in the latter half of 2022, reaching AU$52.8 million (US$38.1 million) for the six-month period ending December 31st, 2022. <\/p>\n<p>This remarkable outcome was driven by a 41% rise in overall transaction value (TTV), which climbed to nearly AU$3.28 billion. The lottery vendor&#8217;s primary operation of lottery sales remained its top earner, producing AU$46.7 million in revenue. <\/p>\n<p>Jumbo also witnessed notable expansion in its emerging Software-as-a-Service (SaaS) and Managed Services sectors. These divisions contributed AU$4 million and AU$2.1 million correspondingly, demonstrating significant annual increases of 145% and 41%. The SaaS segment, specifically, saw a rapid TTV surge, surpassing 100% growth.<\/p>\n<p>This achievement can be partially credited to broadening its customer base within Australia. Additionally, the firm secured a decade-long agreement with Lotterywest to deliver an online platform and associated services, a collaboration that has been fully functional for half a year.<\/p>\n<p>Further contributing to this upward trend was a spike in high-yield lottery victories. The final six months of 2022 witnessed 23 Powerball\/Oz Lotto jackpots matching or exceeding AU$15 million, contrasted with just 15 in the corresponding timeframe in 2021.  Not only were there a greater number of jackpots, but their mean value also experienced an 11% uptick.<\/p>\n<p>Mike Veverka, Jumbo Interactive&#8217;s originator and CEO, conveyed considerable contentment with the company&#8217;s accomplishments, emphasizing the expansion across all operational domains and the overall favorable course of the enterprise. <\/p>\n<p>Ticket revenue is experiencing a surge, fueled by well-timed substantial prize pools and our approach of prioritizing the acquisition of fresh participants while ensuring the satisfaction of our existing player base. <\/p>\n<p>The organic expansion of our software and service offerings is a positive development, and we are pleased to report that all our Australian SaaS customers are now fully operational.&#8221; <\/p>\n","protected":false},"excerpt":{"rendered":"<p>A major Australian lottery corporation, Jumbo Interactive, experienced a substantial 29% revenue surge in the latter half of 2022, reaching AU$52.8 million (US$38.1 million) for the six-month period ending December&hellip;<\/p>\n","protected":false},"author":48,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Jumbo Interactive Hits Jackpot: Revenue Soars 29% in 2022<\/title>\n<meta name=\"description\" content=\"Australian lottery giant Jumbo Interactive saw its revenue skyrocket by 29% in the second half of 2022, reaching a whopping AU$52.8 million! 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