How much would you be willing to spend to test your luck? While the cost of a Powerball lottery ticket might not be much—ranging between $6 and $31 (or more, depending on the game type), Aussies collectively spend billions on lottery tickets. However, for consumers, affording the luck of the draw has been paling in
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The pandemic saw a surge in sports betting as people were cooped up at home and had extra discretionary income to spend. However, as inflationary pressures and a return to normalcy took effect, many found that their wallets could no longer afford the risk. As a result, companies like wagering tech partner Betmakers Technology (ASX:
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Are you tired of working hard for your money? Well, some cunning fraudsters in the US have found effortless ways to make quick cash – by counterfeiting winning pull-tab/instant lottery tickets. Employing a number of intricate methods, counterfeiters have adopted techniques such as barcode tampering, fake scratch-off coatings, and even using advanced printing techniques that
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Just this week, a Lotto Powerball player won a whopping $10.5 million after buying his ticket online. That’s the kind of hope that drives thousands—if not millions—to buy lottery tickets even during tough times, like inflation or recession. That also explains the 706k tickets sold by lottery retailer Jumbo Interactive (ASX: JIN) in H1 FY23.
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When it comes to gambling in Australia, punters have a plethora of service providers to assist them with their bets across lottery, sports, racing or even pokies. Such a lucrative market for providers regularly leads to a battle for market share, one that is changing tides against online lottery company, Jumbo Interactive (ASX: JIN). The
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Australian tech company Jumbo Interactive (ASX: JIN) has secured a big boost in their European operations having been granted a remote gambling operating licence from the Gambling Commission of Great Britain. The licence, granted to wholly owned subsidiary Gatherwell, is an extension of Jumbo’s online lottery ticket retail business and will enable the Company to
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