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.”
