Tatts: Result 2016

Tatts has posted a decent result though Wagering won't get any easier.

Gaming company Tatts Group increased revenue 4.4% to $2.9bn in the year to June, thanks to a sharp uptick in digital sales. Digital sales for the Lotteries division, in particular, rose an impressive 32% leading to an 8% rise in revenue for the division to $2.1bn. The lotteries business – which operates Powerball and OzLotto and accounts for 60% of operating earnings – also profited from an increase in the number of jackpots above the $15m mark from 34 to 45. This, in turn, attracted more punters hoping for a big win and pushed the division’s operating margin to a record high of 15%.

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