Online revenues lift Loto-Québec figures

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Daily Herald

Gambling taxes generated record $1.99 billion for Illinois last year, but can it last?

The expanding array of wagering opportunities in Illinois created the state's largest windfall to date from gambling-related taxes during the last fiscal year. The Illinois legislature's Commission on Government Forecasting and Accountability's recently released annual "Wagering in Illinois" report shows the state's gambling taxes from lottery…

Finance ・ 08 October 2023

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

Net News Ledger

Figures for Q1 2023/24 Show Online Casinos are Dominant in Ontario’s regulated iGaming Market

iGaming Ontario (IGO) recently released its revenue report covering the first quarter of the 2023-24 fiscal year (dates April 1 to June 30). The report revealed that the total handle (bets made) for the period was $14 billion, resulting in a record revenue figure of $545 million. The handle figure represents an impressive rise from $4.1 billion…

Industry ・ 28 August 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

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Casino Reports

Loto-Québec Recaps First Half of 2022-23 FY

This week, Loto-Québec released its official financial performance numbers for the first half of the 2022-2023 fiscal year. For the six-month period, the Crown agency reported total revenues of CA$1.466 billion and a consolidated net income of CA$805.3 million. These are a CA$382.9 million and CA$221.3 million, respectively, increase over last…

Finance ・ 15 December 2022

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 News

Loto-Québec Results Increase in the First Quarter of Fiscal Year, Offshore Remains a Threat

Loto-Québec has published a report in which the operator of regulated gambling products in Québec urged the government to do more in order to restrict the access of unregulated gambling companies that still continue to target locals. Despite this, online sales during the first fiscal quarter shot up, with the company reporting recovering demand.…

Incidents ・ 30 September 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

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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 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

Prince George Citizen

Treasure Cove Casino in Prince George pulls in nearly $44 million

Treasure Cove Casino brought in $43.9 million in revenue during an abbreviated 2021-22 fiscal year, according to the B.C. Lottery Corporation. The figure is down $7 million from the amount the casino has typically reached in past years, but likely because it had to wait three months to reopen when pandemic-related restrictions that closed the…

Lottery ・ 12 September 2022

PA Online Casino

PA Lottery Has Second Highest Year Of Profits With Almost $1.2 Billion

The PA Lottery just had its second highest grossing year in the lottery's history. The high sales numbers this year followed close behind last year's unexpectedly high sales. According to the PA Lottery's annual profit report for the fiscal year starting July 1, 2021, and ending June 30, 2022, the lottery generated over $1 billion to fund programs…

Lottery ・ 12 August 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

BIV

Lottery corporation calls foul as ‘grey market’ gambling companies target B.C. market

Last summer's legalization of single-event sports gambling in Canada is turning into a good news, bad news story for B.C. Lottery Corp. (BCLC). According to its three-year service plan, published Feb. 22 with the provincial budget, the Crown gambling monopoly predicts seven per cent revenue growth in the 2022-23 fiscal year through its PlayNow…

Lottery ・ 23 February 2022

Chicago Tribune

Record lottery sales boost Illinois gaming tax revenue to $1.36 billion

You can add playing the lottery to the growing list of pandemic trends in Illinois. Record lottery sales helped boost Illinois gaming tax revenue to $1.36 billion for fiscal year 2021, which ended June 30, up 11% from the previous year, according to an annual wagering report released by the state this week. "It was a very good comeback year for the…

Lottery ・ 15 September 2021

The Day

Casinos' slot revenues were down year-over-year in June

Casino slot-machine revenues were down significantly last month compared to the previous June, evidence that Mohegan Sun and Foxwoods Resorts Casino benefited from reopening ahead of their competition during the COVID-19 pandemic. While Foxwoods Resort Casino and Mohegan Sun opened June 1, 2020, after being closed for 11 weeks, other Northeast…

Finance ・ 15 July 2021

Inkedin

Renegotiated Gambling Deal Approved By Rhode Island's House Panel

After a difficult year that has led the House GOP leader to question whether Rhode Island should reconsider the numbers, a reworked 20-year no-bid Lottery deal for International Game Technology (IGT) and its new partner, Bally's Corporation, in Rhode Island was approved by a key House committee on Thursday with a 10-2 vote. The bill will now be…

Politics ・ 08 May 2021

Kelowna InfoNews

Online gambling increases, but not enough to make up for casino closures

More than 10 months after closing due to the COVID-19 pandemic, there is still no sign of an opening date for British Columbia casino operations. The B.C. Ministry of Finance says casinos have submitted safety plans which have been reviewed by Worksafe BC and the provincial health office. Conversations on when and how casinos might reopen are…

Covid ・ 29 January 2021

Yogonet

Las Vegas Strip accounts for nearly all Nevada casino profit between July 2019 and June 2020

ccording to the Nevada Gaming Control Board's Nevada Gaming Abstract - 2020, casinos he Las Vegas Strip pulled the state to high profits in the fiscal year that began in July 2019 and ended June 30, 2020, about three and a half months after resorts closed down in the coronavirus pandemic. The state's casinos made $2.89 billion during that period,…

Land-based ・ 04 February 2021

Houston Chronicle

As Texas Lottery hits record sales, warnings arise about 'desperation' during COVID

Quincy Johnson slid a $10 bill across the counter at Timewise Food Store on Montrose Boulevard in exchange for a shot at winning millions - a chance he described as "one in a trillion." "But you know, I'm OK with that," the Austin resident said, filling in the bubbles with sentimental numbers. "I feel like everybody wants to have hope in…

Covid ・ 20 January 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