Lottery Corp’s pivot to digital withstands virus hit to retail, keno

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Lottery Corp’s pivot to digital withstands virus hit to retail, keno
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The company posted near double-digit growth in revenue and earnings in its first result since it was spun out from Tabcorp in May.

The “infrastructure-like” Lottery Corporation has soared to a record result with revenue and earnings growing at a near double-digit pace, as a pivot to digital lotteries withstood the toll of lockdowns on retail networks and offset the damage done to the keno business in its largest market, NSW.Attila Csaszar, freeing The Lottery Corporation from the baggage of an underperforming wagering business buckling under the weight of nimbler online rivals.

“We intend to build on a successful FY22 through further investment in customer, product and channels to maximise the value and upside from our existing licences, while also implementing operational separation,” she said.

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