As part of a preview of FY22 results for five gaming stocks under coverage that report in August, Morgans expects the best earnings growth from those primarily exposed to lotteries. These are represented by Jumbo Interactive and Lottery Corp.

For Lottery Corp, the broker forecasts pro forma earnings (EBITDA) of $691m in FY22, compared to the consensus estimate of $696m.

The Add rating is unchanged and the target increases to $5.50 from $5.40.

Target price is $5.50.Current Price is $4.57. Difference: $0.93 - (brackets indicate current price is over target). If TLC meets the Morgans target it will return approximately 17% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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