Public lottery licence extension

Why this is important

In May 2026 the government announced that it had reached agreement with The Lottery Corporation on a 40-year extension of the Victorian public lottery licence. 

The existing 10-year agreement with The Lottery Corporation was set to expire on 30 June 2028. As part of the extension agreement, The Lottery Corporation will pay an upfront premium to the government of $1.145 billion. The extension was awarded following a period of exclusive, bilateral negotiations between the government and The Lottery Corporation. 

It is important that the process adopted by the government was supported by robust analysis and advice, and that a credible threat of competition was maintained during negotiations to help optimise value.

What we plan to examine

We plan to examine if the public lottery licence extension optimised value for the State. 

Who we plan to examine

Department of Treasury and Finance

Department of Premier and Cabinet

Department of Justice and Community Safety

Victorian Gambling and Casino Control Commission

Further information

This is a limited assurance review.