Jumbo Interactive Limited (Jumbo) is pleased to confirm that it has successfully extended its ‘Powered by Jumbo’ (PBJ) software license agreement1 with leading charity operator Mater Foundation (Mater). The extension is for a six year term to November 2028 and includes a scale based, tiered license fee structure that recognizes both the size and significant growth of the Mater lottery program. Jumbo CEO and Founder, Mike Veverka said “Mater was the first lottery operator to utilise the PBJ software platform and is one of the largest and fastest growing lottery programs in Australia. The extension demonstrates the PBJ software platform is adding value and I am delighted that we can continue to help Mater grow and raise vital funds for health, research and education services across Queensland.” Mater Executive Director, Andrew Thomas said “The adoption of the PBJ platform along with Jumbo’s digital lottery expertise and collaborative approach have helped transform our lottery program. The extension of the agreement provides the foundation for strong and sustainable growth that will raise much needed funds for ground-breaking medical research, investment in world-leading clinical equipment, and developing our healthcare workforce.” - Ends - Authorised for release by the Board of Directors.
. 1 Initial license agreement announced on 13 November 2018 for an initial five year term with an option to extend for another five years to 10 years subject to performance.
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