Lotteries and wagering operator Tatts Group says its online operations are growing strongly, and it is looking at further opportunities in that area.

Tatts on Thursday booked a net profit for the six months to December 31 of $128.3 million, down 23.1 per cent on the prior corresponding period's net profit of $166.9 million.

The bottom-line result was pulled back by the discontinuation of Tatts' poker machine operations in August 2012 when its pokies licence in Victoria expired.

Tatts' net profit from continuing activities lifted 25.8 per cent to $108.7 million.

The group's online revenue from lotteries grew by 52 per cent, and wagering online sales grew by 22 per cent.

"We do believe there are a lot of opportunities to take the online business further," Tatts chief executive Robbie Cooke said on Thursday.

"There are a lot of things that haven't been done by the business to date which are available to us.

"We've got a lot of ideas. We're not going to flag those to the market at this point in time."

Mr Cooke said the group had performed very strongly in the first half of the 2012/13 financial year, with lotteries the standout.

Revenue in the lotteries business climbed 20 per cent to $1.1 billion, driven by an exceptional run of jackpots in Oz Lotto and Powerball.

There were 21 jackpots at above $15 million, compared to nine in the prior corresponding period.

A record Oz Lotto first division prize pool of $112 million on Melbourne Cup day last year was significant in boosting the increase in lottery revenues.

Lotteries online revenue grew by 52 per cent, representing eight per cent of all lotteries revenue.

Revenue for the wagering business, TattsBet, lifted by seven per cent to $344.9 million on the back of improved win rates and the contribution from TOTE Tasmania, which Tatts acquired in March 2012.

Wagering online sales grew by 22 per cent, representing 19 per cent of all wagering sales, as punters migrated from telephone-based betting to more efficient online betting.

Tatts said it had had a positive start to the second half of the financial year.

TattsBet in January had generated sales and revenues growth very much in line with growth the first half.

Win rates had continued to improve, compared to the same period last year.

Lotteries also had had a good start to the second half, benefiting in particular from the contribution of SA Lotteries.

Tatts started a 40-year management agreement over SA Lotteries in December 2012.

Tatts said the lift in revenue from the acquisition of SA Lotteries would be partially offset by higher interest costs.

"In considering the likely second half performance of the lotteries operation it would be unreasonable to expect a similar jackpot run to the exceptional levels experienced in the first half," Tatts said.

Tatts shares were six cents lower at $3.25 on Thursday.


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