The Lottery Corporation posts steady earnings and dividend for 1H26
The Lottery Corporation delivered a resilient financial performance, revenue rose 2% year on year to $1.82 billion against the prior corresponding period, with a notable return to digital growth after new spend limits were introduced last year.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) was $367.0 million, down 0.7% from 1H25. Operating expenses increased modestly by 2.9% to $146.0 million.
Digital sales continue to rise, making up 41.2% of total Lotteries turnover, up 80 basis points. The Saturday lotto game change was successfully executed, retaining 103% of the price increase, and active game management helped offset weaker jackpot outcomes.
Looking ahead, the company plans to review its brand architecture and explore new product opportunities while investing in Keno and digital transformation. Strategic technology upgrades, portfolio enhancements, and a focus on local market growth are all expected to support ongoing sustainable shareholder returns.
In FY27, more game changes are planned, including enhancements to Set for Life, subject to regulatory approvals. The Lottery Corporation’s strong balance sheet provides flexibility for organic expansion as it evolves as a digital entertainment business.