Jumbo Interactive says German lottery on track for December launch

Jumbo Interactive says its new lottery website in Germany is on track for launch this month and will begin making a contribution to earnings in the second half-year period. The company said it has obtained licenses from all 16 German states. The initial launch will be in at least seven states, it said. Meanwhile the launch of its Mexican website is not expected until later in 2014 because of delays in the approval process. In the six-months to December, the company said its total transaction value was between $48 million to $51 million, in line with the previous half-year period. That was despite only four jackpots reaching $30 million or more, compared to eight in the previous half. Jackpots of $30 million or more are a major driver of ticket sales and new customer accounts.