Brisbane-based Jumbo Interactive saw its stock price jump by 15% recently on news that it has been granted licenses to sell lottery tickets via web and mobile throughout Germany.
The company estimates the online lottery ticket market in Germany will be worth $2 billion in five years.
Jumbo also operates the popular gambling site OzLotteries.com, among other lottery and game sites, where customers buy lottery tickets with Jumbo acting as an agent and earning a portion of sales. This online lotto-agent business has high margins and may still grow following the incredible success of the last 10 years, in which net profits grew from a net loss to nearly $7 million for the 2012 financial year.
Jumbo Interactive also has business interests in Mexico and the USA.
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