The Lottery Corporation is the Australian lottery and keno operator that was demerged from Tabcorp in 2022, listing on the ASX under the code TLC on 24 May and floating with a market value of around 10.5 billion Australian dollars. It runs the country's national draw games under The Lott, the umbrella brand covering Tatts, NSW Lotteries, Golden Casket, SA Lotteries and Lotterywest, alongside its keno business. The demerger separated two businesses with very different economics: lotteries are long-licence, low-volatility and government-facing, while wagering is competitive and margin-pressured, and splitting them let each be valued on its own terms rather than blended.
The Lottery Corporation trades as TLC on ASX and carries 6.28% of the iGT 25 iGaming stock index.
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The finance chief who took The Lottery Corporation through its demerger from Tabcorp and raised the debt for its A$1.145 billion Victorian licence extension will leave on 1 July 2027. His successor inherits a job that, since this year's restructure, also covers legal, risk, cyber and technology.
Four Northern Territory-licensed businesses sell Australians entries into US Powerball and EuroMillions draws. From 1 January 2027 they cannot, and online keno goes with them. The Lottery Corporation, which backs the change, has put the cost of losing its own online keno business at A$25 million of annual earnings.