Casino industry in Quebec growing as Loto-Québec has record-breaking year
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Loto-Québec has posted record numbers for the 2021-2022 fiscal year. This is thanks in part to the various factors that have helped maintain the online casino growth in Québec.
Loto-Québec had record-breaking revenues for 2021-2022. Lottery sales made $1.043 billion, which is the first time in its history that the lottery sector topped $1000 billion. The corporation also met its target budget by posting a consolidated net income of $685.6 million.
All Quebec casino sectors are seeing growth. Lottery performed the best. Loto-Québec has a record-breaking year.
Loto-Québec has a record-breaking year for casino and gaming hall revenues. The sector posted a 96.9% increase from the 2020-2021 year. Online casino revenue totaled $18.4 million, up 7. 4% from previous year and 40.3% of all casino revenues in the province.
Gaming establishments posted impressive numbers, increasing revenues by 141.1% compared to the 2020-2021 fiscal year. The 2021-22 year had more days where establishments could open compared with the previous year, but bars were still closed for much of this time.
Loto-Québec has a record-breaking year for online gaming. The 2021-2022 year brought in $390 million of revenue. Online gaming accounts for 17.6% of Loto Québe's total revenue, which is a big increase from the previous 5.0% in 2019-2020.
Quebec has a growing online gambling industry. Loto-Québec is expanding its online presence through its partnership with Evolution Gaming. Evolution recently announced revenues that topped $1 billion. The new live casino games will be hosted on Casino Montreal. It will allow players to access live casinos both online and in person.
Quebec's gambling industry has weathered the last couple of years of uncertainty thanks to online gaming and casinos.
