A strong FY24 performance

We announced our full year results for FY24 today, with proactive management of our diversified and balanced game portfolio delivering strong business performance.

For the year ended 30 June 2024, Group revenue was up 13.8% to $4 billion and EBITDA¹ grew 16.0% to $827 million (on pcp).

There was a record $2.6 billion of stakeholder benefits generated, comprising $1.9 billion in lotteries and Keno taxes to state and territory governments and $725 million in commissions to retail businesses.

“FY24 was another successful year for The Lottery Corporation, showcasing the resilience and long-term attractiveness of our balanced and diversified game portfolio,” Chief Executive Officer Sue van der Merwe said.

“Lotteries continue to be very popular among Australian adults, underpinned by a low-spend, mass participation model. This was evident in the second half with the record $200 million Powerball jackpot generating queues in retail outlets and sparking conversations in homes and workplaces.

“In the first half, Oz Lotto captivated Australia with the $90 million Boxing Day draw. These landmark events were driven by game changes in recent years designed to deliver bigger jackpots, more often.

The Lott had significant growth in active registered Lotteries customers to a record 4.75 million.

We also published our first standalone Sustainability Report which sets out the good progress we have made in our Environmental, Social and Governance (ESG) priorities.

“Most importantly, we are committed to delivering our games responsibly and with integrity so they can be safely enjoyed by Australians and continue to deliver meaningful proceeds to governments and retail businesses,” Sue said.

“We continue to execute our strategy to drive long-term growth, with more initiatives to enhance the customer experience and evolve the portfolio. This builds on our position as the leader in Australia’s lotteries and Keno market and one of the highest performing lottery businesses globally.”

We also announced a total ordinary dividend (interim and final) of 16.0 cps and a special dividend of 2.5 cps. The full year total dividend of 18.5 cps represents a payout ratio of 100% of NPAT (before significant items).

See our investor section for more information. 

¹ Before significant items. This is ‘Non-IFRS’ information and is unaudited.