- Casino
- By State
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Georgia
- Florida
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Massachusetts
- Maryland
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
- By State
- Slots
- Poker
- Sports
- Esports
Jackpot Cycle Makes Jumbo Predict 27.1% Revenue Growth for 2022

Australia lottery retailer Jumbo Interactive has predicted a 27.1% year-on-year revenue growth for the fiscal year 2022. The company also foresees its total revenue for the first half of the year ending on June 30 to go to AUS$103.8 million ($69.8 million). The number signals a 32.75% growth from $81.7 million ($55.2 million) in 2021.
EBITDA Expected to Go Up by 13.7%
Jumbo Interactive also expects its earnings before interest, tax, depreciation, and amortization (EBITDA) to go 13.7% higher. While the operating costs are forecast to reach close to 35% reaching $35.6 million ($26 million), the underlying EBITDA is likely to reach $54 million ($36.4 million). The preliminary results also spoke about an underlying net profit after tax expected to go up 15.8%, reaching $31.6 million ($21.3 million).
The company explains the reassuring numbers through a larger number of Powerball/OzLotto jackpots recorded in 2022 compared to 2021. Jumbo improved its jackpot cycle with 43 jackpots in 2022, compared to just 38 in 2021. The average value of a jackpot also went up by 28%. In February, Jumbo’s Powerball jackpot reached $120 million ($81 million). This was also the first time when the jackpot went over the $100 million ($67.5 million) mark since September 2019. In March and April, the monthly jackpots peaked at $20 million ($13.5 million), prior to exploding to $80 million ($54 million) in May and $60 million ($40.5 million) in June.
2022, a Pivotal Year So Far
Jumbo Interactive’s chief executive and founder Mike Veverka referred to the first half of 2022 as a “pivotal year” for the company, used for building the foundation needed to execute its global growth strategy. Veverka also expressed the company’s excitement regarding the “strong growth” recorded in FY22 “off the back of an improved jackpot cycle”.
The continuous shift to the online world, the fresh OzLotto game launched in May, and the acquisitions of StarVale and Strode are expected to help the company keep scaling its Managed Services and Software as a Service. Jumbo will publish its full results for the fiscal year 2022 on August 26. Last October, Jumbo appointed Nigel Atkinson as general manager for the UK. He was endorsed by chief commercial officer Richard Bateso. Jumbo Interactive continues to show its support for not-for-profit organizations via a series of fundraising efforts.
After finishing her master's in publishing and writing, Melanie began her career as an online editor for a large gaming blog and has now transitioned over towards the iGaming industry. She helps to ensure that our news pieces are written to the highest standard possible under the guidance of senior management.
Must Read
Business
September 8, 2025
MIXI Australia Achieves Majority Stake in PointsBet
Business
September 10, 2025
Jefferies, Confident About DraftKings Amid In-Play Betting Surge
Business
September 11, 2025
Caesars’ Online Business Could Be Worth More Than Parent Company
More Articles
Industry
September 12, 2025
Animo Launches Next-Gen Live Gaming with Animated Hosts on Stake
Lottery
September 12, 2025
Jersey 5 Mints 48th Winner for the Year as Player Grabs $1M
Business
September 12, 2025
Flutter Names Stefan Bomhard Non-Executive Director
Slots
September 12, 2025
Make Winning Investments in Dragon Gaming’s Crypto Jackpots
Casino
September 12, 2025
Las Vegas Police Launch Drones Off Rooftops in Sin City
Casino
September 12, 2025
Red Rock Is Planning Future Developments, with Details Forthcoming
Casino
September 12, 2025
Konami Casino Slots to Enter Brazilian Market with Kaizen Gaming’s Betano
Casino
September 12, 2025
Study Blasts Quality of New Jersey Casinos, Ties It to Smoking
Industry
September 12, 2025
Las Vegas 7-Eleven Clerk Convicted of Murder in Shooting
Casino
September 12, 2025
Baton Rouge Woman Faces Arrest for Scam Tied to Casino Money Laundering
Casino
September 11, 2025
Amazon Launches Robotaxi Service Zoox in Las Vegas
Casino
September 11, 2025
Seminole Gaming Tells Florida Residents to Be Wary of Illegal Gambling