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The Lottery Corporation widens FY profit as revenue grows to $4 billion

21st August 2024 9:25 am GMT

The Lottery Corporation has reported a 14 per cent increase in revenue to just under AUD$4 billion for the fiscal year ended 30 June 2024, driven by record high active registered customers of 4.75 million.

Revenue from Lotteries rose 15 per cent year-on-year to $3.71 billion, benefiting from favourable jackpot outcomes, including February’s record $200 million Powerball jackpot, modelled as approximately a one-in-seven-year event.

In addition to $100 million and $150 million Powerball jackpots prior to that, [...]

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