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Massive casino growth offsets lottery decline for Loto-Québec

Loto-Québec has cited ‘sound management efforts’ as being the primary reason behind strong trading in the 2022/23 fiscal year, which saw revenue rise across the provincial lottery’s casino gaming and betting verticals.

Total revenue for the quarter reached CA$2bn, increasing 35.2% on corresponding 2021/22 results of $2.2bn. Net income, or profit, stood at $1.6bn, an increase of 40% from $960m, closing an end to a year which saw the lottery report its ‘best performance in 17 years’ in Q3.

This also amounted to a 9.4% increase in pre-pandemic revenue and an 18.2% increase in net income during the 2019/20 fiscal year, which stood at $1.93bn and $1.3bn respectively.

The lottery did acknowledge, however, that due to the pandemic the 2020/21 fiscal year offered some difficult comparatives due to closures of land-based venues for much of the trading period.

Jean-François Bergeron, Loto-Québec President and CEO, said: “Our teams came together to provide the people of Québec with the gaming and entertainment experience Loto–Québec is known for, and their work and the overall sound management yielded exceptional results. 


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