Jumbo Interactive has formalised the extension of its 15 year relationship with Tabcorp Holdings and associated subsidiaries with the execution of new long-term reseller Agreements spanning the next 10 years to 25 August 2030.

“The agreements to 2030 provide Jumbo with the ability to continue growing lottery sales in Australia over the long term”, said Mr Mike Veverka, CEO and Founder of Jumbo.

“This long-term focus is necessary to also grow the new ‘Powered by Jumbo’ SaaS business and achieve our ‘$1 billion vision’ by 2022”, he added.

Jumbo presented its vision in 2019 to achieve $1 billion in ticket sales through the Jumbo platform by 2022. The vision is to combine and grow sales on the OzLotteries.com platform with sales in partner lotteries using the ‘Powered by Jumbo’ software platform.

In December 2019 Jumbo entered the UK market with an acquisition of Gatherwell Limited and has embarked on a “$1 Billion vision” to reach $1 Billion in ticket sales on the Jumbo platform by FY2022.