Kings Entertainment releases July results, lottery sales up 18%
Company revenue and customer bases also grew during the month.
Kings Entertainment has continued its trend of reporting monthly results, publishing its July 2022 financial report. The company reported upward trends across the board, due to a spike in jackpots during the month in the US.
Lottery sales rose by 18% when compared to the previous month. WinTrillions and Lotto Kings brought in a combined total revenue of $446,126 during July.
Overall revenue grew by 9% last month, reaching $555,349 when compared to June’s $510,440 revenue.
The number of active customers also climbed 9% month-over-month.
Kings Entertainment CEO Steve Budin said the company had a strong month during July, despite the challenges it has faced this year.
He commented: “We’re very pleased that July brought such a strong return to action for lottery jackpots.
“It’s been a challenging year, without a significant lottery jackpot to promote – but we focused on keeping players active through the drought and are now seeing this effort pay off.”
Kings Entertainment Group was founded in 2005 and is a global online service provider for lottery, casino and sportsbook, and the parent company of global online gaming companies LottoKings and WinTrillions. It recently launched LottoHub, an Android-based app. It is a global lottery results app that provides instant lottery results to players everywhere.
Kings Entertainment also recently partnered with Sports Venture Holdings, which is the parent company of the Bet99 brand, a Canadian online sport and casino betting website.
The company said in a statement: “This combination furthers the vision of Kings to build leadership positions within each of the regulation jurisdictions the company enters.”
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