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#Bear Case
stale
Following the previous post with the report from Morningstar I compared the price of tickets from Oz Lotto (Jumbo) and The Lott (Lotteries Corporation) on Tattslotto, Powerball and Oz Lotto for 18 and 36 games. Exactly the same product sold by both portals.
The annual revenue of nearly $119M of which $91M or 76.6% of Jumbos revenue is from Lottery retailing. This is a huge red flag. No mote and significant pricing differential. Not for me.
Selling INR