October 29, 2019

Loto-Québec sees increase in revenue despite lottery decline

Loto-Québec sees increase in revenue despite lottery decline

Canadian provincial lottery operator Loto-Québec recorded a 1.53% year-on-year increase in profits for the first six months of 2019, despite reporting a decline in its draw-based games.  

The total revenue for 183 days to September 30, 2019 went up from CAD$1.39 billion last year to CAD$1.42 billion. Loto-Québec noted that the first half of last year was a tiny bit shorter, based on 177 days to September 24, 2018.

It appears that casinos were the most popular form of gaming in the province for the first six months of the year. Last year they recorded a total revenue of $512.5 million—up by 5.3% from last year’s $486.7 million.

Revenue from gaming—mostly from video lottery terminals—also increased. The lottery operator recorded a 3.0% year-on-year increase to $465.9 million. This increase was credited to the ongoing popularity of bingo and kinzo products. But lottery revenue went down from $467.0 million to $449.8 million—a 3.7% decrease.

According to Loto-Québec, the decline in lottery was expected because sales of the Lotto Max were rather high last year due to higher jackpot prizes. But, online lottery games revenue, the say, went up from $14.4 million in 2018 to $15.5 million in the first six months of 2019.

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