Windfall profits for Lotteries

New Zealand Lotteries' profits climbed to almost $90 million during the six months to December, with New Zealanders spending a record amount on its products.
Sales of Lotto, Keno, Big Wednesday, Instant Kiwi and the new Bullseye game brought in $446 million over the half-year, almost $4 million more than ever before.
The Crown entity attributed the record sales to the increase in GST, changes to its Powerball game and successful marketing.
NZ Lotteries' revenue rose to $428 million, up 11.3 per cent on the year before.
Earnings before interest, tax, depreciation and amortisation were up 7 per cent to $117 million. Profit for the half-year was $87.4 million. APN News & Media