Tatts Awarded New Public Lotteries Licence (VIC)

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Australia/NZ

VICTORIA:  Tatts Group Limited has been awarded Victoria’s public lottery licence for the next 10 years.  The licence gives Tatts the exclusive right to run a range of lotteries in Victoria for the next decade, including drawing numbers from a pool (such as Powerball) and scratchies.  Under the terms of the new agreement, Tatts will make a $120 million premium payment to the Victorian Government when the licence commences on 1 July 2018 – almost four times the $31 million received for the two lotteries licences issued in 2007.