Jumbo Interactive expands into Germany

Listed on the Australian Stock Exchange as well as with the Frankfurt, Berlin and Stuttgart bourses, Jumbo Interactive recently signed a long-term to serve as an official online and mobile retailer for Mexico’s Loteria Nacional and Pronosticos products and is moving into the American market after launching the Lotto Points Plus joint venture in partnership with Retail Gaming Solutions.

Jumbo Interactive revealed that it will now sell lottery products via the web and mobile on behalf of NordwestLotto, the official operator in Schleswig-Holstein, through its new Munich-based Jumbo Interactive subsidiary.

“With a prosperous population of over 80 million people and 65 million on the Internet, there is enormous potential for growth in the Internet lottery market in Germany,” said Mike Veverka, CEO for Jumbo Interactive. “Based on trends in neighbouring countries, the German Internet lottery market is expected to reach us$ 2.04 billion in five years.”

Germany recently changed its laws to permit the sale of lottery products via interactive channels on a non exclusive basis and Jumbo Interactive stated that it plans to obtain a ‘nationwide license and contracts in all other states’ so that it can ‘cover the full German population’.

“Jumbo Interactive’s 13 years of experience and reputation in growing Internet lotteries in Australia and industry leading software platform places us in pole position as the Germany Internet lottery market opens up,” said Veverka.