November 15, 2020

Jumbo finalizes 10-year supply agreement with Lotterywest

Jumbo finalizes 10-year supply agreement with Lotterywest

Jumbo Interactive, an Australian re-seller of lottery games, has just signed an agreement to supply Western Australia’s Lotterywest with its online software platform and related services. This marks the reseller’s first agreement with a government-owned lottery.

The contract, signed by Jumbo’s TMS Global Services subsidiary and Lotterywest, will comply with the companies agreeing a binding term sheet for the partnership in September.

The contract will see Jumbo provide the lottery with a white label platform and receive a 9.5% service fee for every customer transaction its technology processes. In addition, it will manage the lottery’s customer support on its behalf. Lotterywest will handle the marketing aspect of this partnership.

The three-year contract can be extended for three and then four years, with a maximum duration of ten years.

Jumbo initially offered its reseller services to customers in Western Australia through its Oz Lotteries portal. But because it did not have a license in the state, the agreement intends to make sure that returns from lottery sales go to Lotterywest.

The initial agreement was signed in late September and will see Oz Lotteries players move to the new white label site, so long as they decide to. Lotterywest also has the option to move or migrate these customers to its proprietary site within a year of the go-live date, scheduled for December this year.

“I am pleased that the Lotterywest Agreement has now been signed on time and on terms anticipated,” Mike Veverka, Jumbo Interactive chief executive, said.

“This is a major achievement for Jumbo securing our first government client setting up a solid long-term partnership and providing strategic opportunities for Jumbo,” he added.

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