In an impressive showcase of resilience and growth, Loto-Québec has unveiled its financial results for the fiscal year 2024-25, marking a notable ascent in its financial trajectory. The crown corporation proudly announced total revenues reaching CAD $2.993 billion, edging past the previous year’s figure of CAD $2.932 billion. This achievement underscores Loto-Québec’s adeptness in navigating the complexities of the global economic landscape.

!Loto-Quebec reports a slight increase in revenue for Fiscal Year 2024-25

Jean-François Bergeron, President and CEO of Loto-Québec, expressed his pride in these accomplishments, attributing them to the exceptional efforts of their teams. “I’m truly proud of the results we’ve obtained thanks to our teams’ remarkable work, especially since we achieved them in a global economic climate marked by uncertainty. And all of Québec benefits from these strong results,” he remarked.

The fiscal report also highlighted a slight uptick in net in

come to CAD $1.518 billion from CAD $1.511 billion reported for FY 2023-2024. In addition to this financial success, Loto-Québec distributed over CAD $1.782 billion to winners, with 131 individuals receiving prizes exceeding CAD $1 million each.

Key to Loto-Québec’s strategy has been its focus on enhancing customer experience through diverse entertainment offerings. “We’ve continued upgrading our entertainment options, both land-based and online, whether by improving our product portfolio, which includes over 2,000 online games, leveraging a diversified event lineup or enhancing our dining options,” Bergeron stated. This commitment is not just about providing entertainment but doing so responsibly and legally.

Revenue generation across different sectors saw lottery games bringing in CAD $960.8 million, while casinos and gaming halls contributed CAD $1.202 billion. Additionally, gaming establishments accounted for CAD $852.7 million in revenue through activities conducted outside their premises like sports betting and video lottery terminals in bars.

However, amidst these achievements lies a call for market evolution from the Quebec Online Gaming Coalition — comprising industry giants like Betway and DraftKings — which advocates for an Ontario-style regulatory framework that could introduce more competition into Quebec’s gaming landscape.

Ariane Gauthier voiced concerns on behalf of the coalition: “Quebec’s population and economy have grown significantly over the past 20 years; however, Loto-Québec’s returns to the government have stagnated and are diminishing when adjusted for inflation.” Gauthier emphasized that with Quebecers consistently engaging in gaming activities, it’s evident that a significant portion is venturing outside of Loto-Québec’s purview – highlighting an urgent need for regulatory adjustments to accommodate private gaming markets.

As discussions around re-evaluating Loto-Québec’s online gaming monopoly gain momentum, there is an underlying consensus on addressing these emerging challenges head-on — ensuring that Quebec does not miss out on potential revenue streams critical for its economic wellbeing.