The Lottery Corporation Ltd (ASX:TLC) Share Price Today: Latest News and Market Performance

Sonal Goyal

23 October 2026 02:45 PM AEDT

The Lottery Corporation Ltd (ASX:TLC) Share Price Today: Latest News and Market Performance

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The Lottery Corporation Ltd (ASX:TLC) shares were trading 1.03% higher at $5.395 during the 23 October 2026 session.
FY26 results released on 19 August 2026 showed Revenue of $3,582.5 million and NPAT before significant items of $342.5 million.
The full-year Dividend was maintained at 16.5 cents per share, fully franked.

Shares in The Lottery Corporation Ltd (ASX:TLC) were trading 1.03% higher at $5.395 during the Trading session on 23 October 2026. During the same session, the S&P/ASX 200 Consumer Discretionary index (XDJ) was up 1.77%, or 65.10 points, at 3,742.80 at 1:31 pm AEDT, the S&P/ASX 200 (XJO) was up 0.38% at 8,760.00 and the All Ordinaries was up 0.54% at 8,868.90. The Lottery Corporation operates lotteries and Keno businesses in Australia. The company's most recent results release was published on 19 August 2026, and the key details follow.

Latest development: FY26 group results (19 August 2026)

In its full-year results for the year ended 30 June 2026, The Lottery Corporation reported revenue of $3,582.5 million, down 2.7% on FY25. Variable contribution was $1,032.0 million, down 2.3%, while operating expenses fell 3.6% to $295.9 million. EBITDA before significant items was $736.1 million, a decrease of 1.8%, and EBIT before significant items was $622.3 million, down 4.2%.

NPAT before significant items was $342.5 million, down 6.3%. After significant items of $57.9 million (after tax), NPAT was $284.6 million, down 22.1%. Earnings Per Share before significant items were 15.4 cents, compared with 16.4 cents a year earlier. The company maintained its ordinary dividend at 16.5 cents per share, fully franked.

Latest development: Lotteries and Keno performance

Lotteries division revenue was $3,218.2 million, down 3.3%, with EBITDA of $626.6 million, down 3.0%. The company said FY26 was affected by an unusually low level of large jackpots, with no $100 million Powerball jackpot for the first time since FY21 and no Oz Lotto jackpot of $50 million or more for the first time since FY17. It estimated that these outcomes reduced revenue by about $350 million and variable contribution by about $90 million. Price changes to Powerball in November 2025 and Saturday Lotto in May 2025 partly offset the impact, with price retention of 63% and 100% respectively.

Keno revenue rose 3.0% to $364.3 million and EBITDA increased 6.2% to $109.5 million, supported by continued retail growth. Digital share of turnover rose to 46.6% from 45.7%.

Latest development: regulatory and strategic items

The release noted proposed amendments to the Interactive Gambling Act that would prohibit foreign matched lotteries and online Keno, with a possible start date of 1 January 2027 if the bill passes without amendment. Online Keno represented about 2% of group turnover and contributed about $25 million of EBITDA in FY26. The company also referred to a 40-year extension of the Victorian lottery licence, a refreshed operating model, a planned price rise for Set for Life from 60 cents to 70 cents from September 2026 subject to approvals, and a new app targeted for launch in the first half of FY28.

About The Lottery Corporation and what it does

The Lottery Corporation operates well-known lottery brands and games in Australia, including Powerball, Oz Lotto, Saturday Lotto and Set for Life, alongside Scratch-Its instant tickets and the Keno business. Games are sold through a network of retailers and licensed venues and through digital channels. The company holds long-dated state licences, including the Victorian licence, and reports its results across Lotteries, Keno and Digital activities.

Risks and catalysts on watch

Risks referred to in the release include the variability of jackpot outcomes, which affect turnover and customer numbers, and the proposed Interactive Gambling Act amendments, which would affect online Keno if enacted in their current form. The company's EBITDA, EBIT and NPAT before significant items were all lower than in FY25.

Items that may attract attention include the Set for Life price change from September 2026, the completion of new retail terminal roll-outs in Victoria, the progress of the Interactive Gambling Act bill and the planned Oz Lotto game refresh late in calendar year 2027, which remains subject to regulatory approvals.

Closing perspective

The Lottery Corporation shares were higher on 23 October 2026 as the wider consumer discretionary index also advanced. The company's latest release, dated 19 August 2026, reported lower earnings for FY26 against an unusual jackpot backdrop and an unchanged dividend. Future updates will be released through the ASX.

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