The Lotto is essential to many of my clients, so we are keen to read the latest financial reports of The Lottery Corporation, as are many others in the industry, as publicly listed companies need to release a great deal of information. What I am interested in is how their decisions impact my clients.

My key findings from the 2022 & 2023 financial report:

> Expansion of Online Presence

The reports provide limited details regarding specific information on their online sales. It does highlight that online revenue grew at a significantly faster rate than the retail distribution network. However, nothing in the 2023 report suggests they are placing more emphasis on digital market expansion rather than their retail distribution network.

> Stability in Agent Count

The number of retail agents remained unchanged at 7,200 in 2022 and 2023. This suggests that the company is not making any significant changes to its retail network, which is vital for my clients who need stability to make them confident to build their lottery business.

>Commission Payment Updates

One area where 2023 shines is its commitment to supporting its retail distribution network. Commission payments increased by over 20%, reaching over $604 million in 2023 - an impressive figure considering last year was listed as over $500 million in 2022. This demonstrates the organization's dedication to fostering long-lasting relationships with its retail partners, something I wish many other large agencies dealing with small retailers felt! The 2023 report emphasises that it's a plus that its agents get more.

Based on these figures, the average earnings of lottery agents rose from $70,000 in 2022 to $84,000 in 2023. 

Final notes:

I liked that the 2023 financial report from The Lottery Corporation states that they are committed to supporting its retail agents. You can find the reports I used if you want to read them here. If you do, please let me know your thoughts.

Disclaimer: The analysis in this blog post is based on publicly available financial reports. I am not a financial advisor, and I am not affiliated with The Lottery Corporation in any way. The information in this post is not guaranteed to be accurate or complete. 

We have received concerning reports from our customers about frustrating delays when scanning Tatts lottery barcodes in our POS system. We have rigorously performed exhaustive diagnostics on our Point of Sale system, and our internal barcode retrieval is operating quickly, smoothly, and reliably. So we believe these problems are not from our Point of Sale software and they do not cause these delays. Instead, our troubleshooting and log analysis shows that the slowdown occurs when retrieving the barcode data from Tatts through the XchangeIT gateway. There may be a capacity problem there, but now this is purely speculation.

Unfortunately, we don't have visibility into the inner workings of the Tatts and XchangeIT systems to continue our investigations. However, we have urgently contacted our trusted contacts at XChangeIT to thoroughly investigate whether issues on their end could result in slow responses. They assure us they are working on it now.

Resolving this issue is our utmost top priority now. As we deeply understand how critically important fast, reliable barcode scanning is to your business operations and customer satisfaction.

We are working to get this resolved for you.

In partnership with Tabcorp and Xchangeit, you can now scan lotto transactions directly into your cash register via a ticket printed by your lotto machine or using a pop-up menu directly in the Register.

Check out this video if you would like to activate they service in your cash register.

Download the instructions and watch the video for a walkthrough. 
Setting Up Tatts Lotto Barcodes

Setting up Lotto Intergration