Jumbo Interactive Ltd
JIN: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$61.60 | Hjc | Dkgrynlzh |
Lottery Corp and Jumbo Interactive: Slow Start to Fiscal 2024 on Abnormally Soft Lottery Volumes
Wide-moat Lottery Corp’s lottery volumes are looking soft in the first half of fiscal 2024. We estimate the combined prize pool of Lottery Corp’s three largest lotteries—Powerball, Saturday Lotto, and Oz Lotto—which account for around 75% of lottery segment revenue, is 7% below the previous corresponding period. The biggest drag is from Oz Lotto, down almost 20%. And Powerball is cycling a strong PCP due to the record AUD 160 million jackpot in October 2022.