Australia Gaming Stock up 192% on Online Lottery Sales
- Younger people not keen to buy lottery ticket via newsagent
- Company aims to reach A$1 billion in ticket sales by 2022
Photographer: Justin Sullivan/Getty Images
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The world’s best-performing gaming stock is winning big as more lottery hopefuls buy their tickets online.
Jumbo Interactive Ltd., a digital reseller of lottery tickets, has surged 192% this year, besting other global casino and gaming stocks that have a market capitalization of more then $100 million, according to data compiled by Bloomberg. The Queensland, Australia-based company aims to triple its ticket sales by 2022, betting on a shift in how people enter the draw.