Jumbo Interactive Ltd
(ASX:JIN) sells lottery tickets online throughout the world, including in North America, Europe and the Asia-Pacific.
The company has reported positive FY16 results. Some highlights include: NPAT of $4.67 million (up 604% compared to FY15), revenue of $34.3 million (up 18%), and TTV of $156 million (up 20%).
Jumbo declared a full year dividend of 7 cents per share (up from 3 cents in FY15).
CEO & Founder, Mike Veverka discussed some of the latest trends -- including: rapid rise in people playing online lotteries on mobile devices (currently 75% penetration), and increased sales from younger demographics. 28.5% of online players are in the 25-35 age bracket, while 34.6% of online players are in the 35-50 age bracket.
