In August 2013 (announced here), Tatts Golden Casket implemented a change / improvement in Lotteries commissions in Queensland. Replacing a complicated table of varied commission rates based on the number of games played, game type and multi week entries; with an overall improved single flat commission rate of 9.3% inc gst.

As the 2014 financial year is now behind us, Qld lottery agents are discovering how much more net commission has been earned, and for most, it has produced thousands of dollars !

2014 as a financial year did not have the same degree of rolling “jackpots” as experienced in 2013, so most lottery agents have found their overall lottery sales softened; but the commission increase, for the majority, has improved the net dollar figure of commission earned for the year on year, regardless of the softened sales.

Understanding the commission increase started 12th August 2013, 6 weeks into the financial year; means the coming 2015 financial year will reflect an overall better net percentage earned again.

Newsagency businesses, in the hands of smart Entrepreneurs, continue to go from strength to strength, leveraging this significant lotteries foot traffic into an ever increasing diverse product & service offer.

For those seriously considering a newsagent business purchase, it doesn’t get much better timing than right now, so call us today !