Fantastic deal, sure LotteryWest owns the customer, but Jumbo will continue to get a clip on every transaction going through the White Label Site. I think they see the benefits TAH have online with theLott competing with OzLotteries online, LotteryWest have created the same thing - competition within a monopoly. This is also the first major lottery for Powered by Jumbo, until now only had Charity lotteries. Will give huge credibility to future lotteries to check out what Jumbo has to offer. Probably worth $2 to share price tomorrow IMO.
Ann: Term sheet signed with Lotterywest, page-18
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