The Lottery Corporation secures Victorian lottery licence to 2068
The Lottery Corporation said it had agreed a 40-year extension of its Victorian Public Lottery Licence, which will run until 30 June 2068. The company will pay A$1,145m in two instalments and said the extension secures its exclusive role as Victoria’s commercial lottery provider.
The extension gives The Lottery Corporation a long-term exclusive position in Victoria and requires a substantial licence payment.