Loto-Québec Recaps First Half of 2022-23 FY

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Yogonet

Canada: Loto-Québec's total revenues down by almost 15% to $528M in Q1 of FY2023/24

Loto-Québec, the crown corporation that oversees lottery and gaming in the province of Quebec, has shared its financial results for the period from April 1 to June 26, 2023. During the quarter, the business generated total revenues of CAD 711.2 million ($528.1 million) and a consolidated net income of $380.9 million ($282.8 million). While down on…

Finance ・ 27 September 2023

Gambling News

Loto-Québec Posts H1 2022-23 Results

Loto-Québec, а Canadian lottery operator, has posted a new report, detailing the benefits of online casino and lottery. The digital vertical significantly contributed to the company's revenues during the first half of the 2022-23 financial year, the company announced. As reported by the Canadian lottery giant, the company's total revenue for the…

Lottery ・ 16 December 2022

iGaming Business

Online revenues lift Loto-Québec figures

Loto-Québec's registered a 35.4% increase in total revenue to CA$1.466bn (€1.02bn/£877m/US$1.08bn), while consolidated net income rocketed by 37.9% to C$805.3m year-on-year, although several gambling activities were halted between April and the middle of June 2021. The crown corporation noted that the increases in revenue and net income in…

Finance ・ 15 December 2022

The Arkansas Democrat

$2B Powerball jackpot boosts Arkansas lottery’s fortunes to $58.5M in November, up $11.4M over year ago

Lisa Folsom prints out a Powerball lottery ticket for a customer at the Circle K convenience store on John F. Kennedy Blvd. in North Little Rock on Monday, Nov. 7, 2022. (Arkansas Democrat-Gazette/Colin Murphey) A $2 billion Powerball jackpot fueled the Arkansas Scholarship Lottery's fortunes in November. The lottery's revenue in November increased…

Lottery ・ 13 December 2022

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Casino Guru

Loto-Québec welcomes strong Q1 22-23 FY results

Loto-Québec has published a detailed report covering the first quarter of the fiscal year 2022-23. The report focuses on the overall revenues generated by the state operator in the province, amounting to $744.3m. Consolidated net income stood at $446.5m for the surveyed period, the company said in an official press release. The results continued to…

Lottery ・ 04 October 2022

Gambling Industry News

Illinois Shatters State Gambling Revenue Record for the Fiscal Year

A report released by the Illinois General Assembly's Commission on Government Forecasting and Accountability has revealed that gambling revenues collected by the state for the fiscal year hit an all-time high of $1.9 billion. This was an increase of 35.7% on the previous record which was set back in the 2019 fiscal year. Lottery sales accounted for…

Finance ・ 29 September 2022

Yogonet

Illinois gambling revenue hits all-time high in fiscal year 2022 at almost $1.9 billion

Gambling revenues in Illinois during the last fiscal year hit an all-time high for the state, according to the latest data, with almost $1.9 billion going into its coffers. The new record is up by 35.7% from the previous high, set in 2019, when the Prairie State generated $1.4 billion in gaming revenue. Raking in more than $833 million, lottery…

Finance ・ 29 September 2022

Casino Reports

Loto-Québec Gives Back to Communities with Loto-o-Suivant

Once again, Loto-Québec is going to help the local communities, as this fall, the Crown corporation brings back its charitable lottery game, Loto-o-Suivant. The scratch game will make its second appearance, and 50 residents are set to take home a CA$10000 grand prize. Winners will be also able to choose a charity to which the Crown will donate…

Lottery ・ 28 September 2022

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Casino Reports

Loto-Québec Issues Q1 Fiscal Results for 2022-2023

Just recently, Loto-Québec posted online its first quarter financial results for the first quarter of the 2022-2023 fiscal year. This applies to the period between April 1, 2022, through June 27, 2022, during which the Crown agency reported total revenue of CA$744.3 million. It is a significant improvement over last year's same quarter of over…

Lottery ・ 26 September 2022

Yogonet

Maryland casinos report record-setting performance in July, reaching $181M in revenue

Maryland Lottery and Gaming Control Agency has unveiled July's numbers for the six casinos operating in the jurisdiction over the course of the month, amounting to over $181.5 million in gaming revenue and a $76.1 million contribution to the state. For the second year straight, Maryland's properties began the fiscal year with a record-setting…

Finance ・ 15 August 2022

Casino Reports

Niagara Falls collects CA$6.2M Allocation as Casino Host

The first quarter of the fiscal 2022-2023 year is done and dusted and the Ontario Lottery and Gaming Corporation has started to roll out its payments to casino host communities across the province. Most recently, the City of Niagara Falls received its fair share for hosting both Fallsview Casino Resort and Casino Niagara on its terrain for the…

NFL ・ 22 August 2022

Yogonet

Pennsylvania casinos post flat $390M revenue in June, but top $5B in gambling win for a first time in FY 21/22

The combined revenue generated from all forms of gaming in Pennsylvania during June 2022 was almost flat at $389.8 million, a slight increase of 0.24% compared to revenue in the same month last year. However, Fiscal Year 2021/2022 revenue, which runs from July 1st to June 30th, reached a record $5.05 billion, according to a report from…

Finance ・ 20 July 2022

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Regina Leader Post

SaskGaming posts $19.1 million profit following re-opening of casinos

SaskGaming is back in the black after coming out of a historic loss last year caused by casino closures during the COVID-19 pandemic. The 2021-22 annual report for Saskatchewan's public casino operator shows the Crown corporation pulled in $19.1 million in net income by March 2022, an increase of $22.9 million from a net loss of $13.4 million in…

Covid ・ 04 July 2022

Montreal Times

Casino industry in Quebec growing as Loto-Québec has record-breaking year

Many industries have been thrown into chaos over the past few years due to the unprecedented COVID-19 pandemic, and the casino industry is no exception. Despite this, Loto-Québec has posted record numbers for the 2021-2022 fiscal year. With current trends in the industry, it doesn't look like this increase in popularity will be slowing down any…

Industry ・ 28 June 2022

Montreal Times

Casino industrry in Quebec growing as Loto-Québec has record-breaking year

Many industries have been thrown into chaos over the past few years due to the unprecedented COVID-19 pandemic, and the casino industry is no exception. Despite this, Loto-Québec has posted record numbers for the 2021-2022 fiscal year. With current trends in the industry, it doesn't look like this increase in popularity will be slowing down any…

Gaming Authorities ・ 27 June 2022

Casino Reports

Loto-Québec Publishes 2021-22 Fiscal Report

This week, Loto-Québec published its financial report for the 2021-2022 fiscal year, during which the Crown corporation achieved some important goals and contributions. Despite the closure of its establishments during the FY, the Crown agency managed to reach CA$2.217 billion in total revenues. This is a 57.5% or CA$809.7 million increase over the…

Industry ・ 02 June 2022

The Arkansas Democrat

Arkansas lottery revenue slips with rise in gas prices

Arkansas Scholarship Lottery tickets are shown in this file photo. With the average price of gasoline in Arkansas rising, the Arkansas Scholarship Lottery's revenue and the amount raised for college scholarships in April slipped from a year ago. "Record fuel prices, a higher ring in the grocery lane, and rising interest rates have all combined to…

Lottery ・ 12 May 2022

Casino Reports

Manitoba to Explore Online Gaming Expansion

Manitoba Liquor & Lotteries Corporation recently shared some ideas of generating more revenue, as the Crown corporation attempts to bounce off from the impacts of the unprecedented situation. One thing that is under consideration is the expansion of its online gambling sector since it will be able to generate more revenue after the turbulent…

Industry ・ 12 January 2022

Casino Reports

SaskGaming Suffers Major Financial Losses

The unprecedented situation has taken its toll on yet another gaming corporation in Canada. Most recently SaskGaming reported its first-ever financial losses amounting to CA$13400000 for the 2020-2021 fiscal year after 25 years of operations. The losses can be explained by the closure of business properties in the province as the company's casinos…

Gaming Authorities ・ 15 November 2021

Casino Reports

Loto-Québec Finds Solution to Casino Crime Wave

Loto-Québec has finally found an answer to the province's alleged criminal undertakings in local casino properties. Last week the government released a report compiled by an external auditing company that will aim to provide the authorities with some guidelines and strategies on how to deal with such possible future criminal activities at the…

Incidents ・ 23 July 2021

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Loto-Québec Commences Property Reopening

Quebec seems to be heading in the right direction of recovery from the unprecedented situation as the province eases restrictions. Following the news, Loto-Québec has announced that it will be starting to gradually reopen its gaming properties in the provinces. The Crown will imminently begin relaunching its four casinos and Salon de jeux de…

Bingo ・ 08 November 2021

West Island

Loto-Quebec Record a Significant Revenue Decline in the 2020-21 Fiscal Year

Loto-Quebec has experienced a substantial financial decline in the last 12 months. The corporation fiscal stats for the 2020-21 financial year show that the gaming regulator only accumulated only a third of 2019-20 revenue. The situation has also been unprecedented for the casino industry in Canada since venues have closed and reopened several…

Finance ・ 08 June 2021

Casino Reports

Loto-Québec Pulls Back Curtain on Six-Month Financial Results

Loto-Québec is ready to unveil more information on its daily gambling operation over the first two quarters of the fiscal 2020/2021 year. They covered operation between April 1 and September 28, 2020, which was largely impacted by the unprecedented situation around the globe. Total revenue amounted to some CA$687.4 million during that time. Every…

Bingo ・ 19 January 2021

Calvin Ayre

Loto-Quebec’s online gambling up 29%, still can’t catch BC rival PlayNow

Quebec's online gambling monopoly reported revenue rising 29% in its most recent fiscal year, but the site still can't catch up to its west coast rival. The Loto-Quebec gambling monopoly in the Canadian province of Quebec released its fiscal 2019-20 annual report on Tuesday, which showed revenue of C$2.74b (US$2.07b) in the 12 months ending March…

Covid ・ 19 January 2021