A lottery ticket company is celebrating big wins from a major California lottery.
In its first two years, Ticketmaster has racked up nearly $20 million in revenue, said John O’Neill, senior vice president of business development for the company.
He said the company’s first win is the largest in the lottery’s history, with nearly 5 million tickets sold.
Last year, TicketMaster also secured the largest haul of tickets in history for the Super Bowl in New Orleans.
O’Neil says Ticketmaster will likely win again in the coming weeks, although he wouldn’t be drawn on whether the company will be the next big winner.
The company has become a popular online destination for ticket brokers and ticket sellers, with more than 7.7 million active customers, said O’Reilly.
Ticketmaster offers a wide range of lottery tickets, including those for the U.S. Super Bowl, Super Bowl XLVI and the NBA’s all-star game.
“We’re pleased with our revenue and profitability over the last few years,” O’Brien said.
“The Super Bowl was a big ticket, but we’ve done well in the other games that we have.”
Tickets for the first two Super Bowls sold out almost immediately.
Tickets for the next three games sold out in the first 24 hours.
O’Brien expects the Superbowl tickets will sell out even faster this year, but he said the industry is still trying to get used to the increased demand for tickets.
He expects that the average ticket price will drop to $65 from $100 in 2018, as the Superbowl season approaches.