"Jumbo Interactive
(ASX:JIN) is a forerunner in the growing world of internet lotteries. Lotteries have been around for decades and it's a very common activity. People love to go out and buy a ticket...it's a great revenue raiser for governments and it's one of those industries that have been around for so long now, it has just met the internet.
People are finding that it's a lot more fun and a lot more convenient to buy the same lottery tickets you're used to buying but now you are doing it either on your computer, on your mobile phone or on your i-pad.
We found out that lotteries out of all of the products you could imagine are actually perfect for the internet...In Australia, which is our main market around 11 to 12 per cent of all lottery tickets are being sold over the internet, so there is still a lot of growth left in what we do."
