Another asx listed company (jumbo interactive) has been selling tah lottery products online and doing very well. They simply sell online providing a capital light model... but looks like tah is starting to get some online lottery sales. Apparently tah/tatts didnt previously have a decent online sales platform... but they clearly do now. Going to the lott website (tah) the price for a powerball 16game ticket is $21.80 cheaper than jumbo at $24.30! Tah likely to therefore take back online lottery marketshare and with improved margins!
maybe jumbo has first mover, but a couple bucks each week adds up... i expect punters will travel to tah's website
*Updated from bull to risks
- Improved Tatts App (possibly winning market share from Jumbo now)
- Expect to launch its new wagering system in the June
- Looks more attractively priced after this sell off
- Great dividend (current 6.3% according to CommSec)
- Defensive stock during a recession?
It was announced that EPL will be suspended until April 4th but if things get worse from here it could be a lot longer meaning Euros 2020 will be cancelled and moved to next year. I know my personal betting is on EPL and UFC and when these are not available to bet on, then I don't bet. I know everyone is different but with more sports and events in Aus and around the world cancelling, then this does not look good for the short term for betting companies. I think there could be a lot more downside from here.