- Jumbo Interactive (JIN) extends its software license agreement with charity operator Mater Foundation for six years to November 2028
- The extension of the “Powered by Jumbo” (PBJ) software agreement will include a scale-based, tiered license fee structure
- Mater Executive Director Andrew Thomas says the adoption of the platform has helped transform the charity operator’s lottery program
- Mater will use the lottery software to raise funds for medical research, investment in clinical equipment, and the development of its healthcare workforce
- Jumbo Interactive shares are up 1.36 per cent to trade at $15.70 at 10:18 am AEDT
Jumbo Interactive (JIN) has extended its software license agreement with charity operator Mater Foundation.
The extension of the “Powered by Jumbo” (PBJ) software agreement is for a six-year term to November 2028 and will include a scale-based, tiered license fee structure. This will aim to complement both the size and growth of the Mater lottery program.
Mater Executive Director Andrew Thomas said the adoption of the PBJ platform had helped transform the charity operator’s lottery program.
“The extension of the agreement provides the foundation for strong and sustainable growth that will raise much-needed funds for ground-breaking medical research, investment in world-leading clinical equipment, and developing our healthcare workforce,” Mr Thomas said.
Founded in 1995, Jumbo is a digital lottery company that offers its software platform and lottery management expertise to the government and charity lottery sectors. The company is also engaged with lottery tickets in Australia and the South Pacific via ozlotteries.com.
“Mater was the first lottery operator to utilise the PBJ software platform and is one of the largest and fastest-growing lottery programs in Australia,” Jumbo CEO and Founder Mike Veverka said.
“The extension demonstrates the PBJ software platform is adding value, and I am delighted that we can continue to help Mater grow and raise vital funds for health, research and education services across Queensland.”
Jumbo Interactive shares were up 1.36 per cent to trade at $15.70 at 10:18 am AEDT.