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Pick 4 winnings hit J$1.4 billion in payouts

Published:Sunday | December 23, 2012 | 12:00 AM

Almost a year on the market, Supreme Ventures Limited (SVL) says its newest game, Pick 4, has paid out winnings of J$1.4 billion to the end of November in a sign of its growing popularity.

Pick 4, which debuted in January, allows for winnings of up to J$54,000 from a J$10 wager. The game offers a variety of ways in which players can match and win from a selection of 10 numbers.

SVL now has 10 lottery products, including Lotto, Super Lotto, Pick 2 and the most lucrative of them all, Pick 3.

The lottery games have brought in a combined J$20 billion of revenues for SVL for the first nine months of this year. Total revenue amounted to J$22.7 billion.

During the same period SVL paid out J$13.7 billion for a combined lottery and sports betting prizes, representing an 12.29 per cent increase over the J$12.2 billion that was paid out in the corresponding period last year.

Pick 3 last year accounted for 77 per cent of all lottery revenue. Pick 4's contribution was not disclosed in the September third-quarter financials but SVL typically breaks out the data in its yearly annual reports.

Sales of Pick 2, which was introduced two years ago, amounted to J$720.3 million at financial year-end December 2011. Pick 3 brought in J$2.86 billion.

Sales fell for Lucky 5, Dollaz and Lotto last year.

SVL is principally owned by Greek gaming firm Intralot, which holds a 49.9 per cent stake. The stock currently trades on the stock market at J$2.40 per share.