Loto-Québec has reported rises in total revenues and net income, as stated in its Q3 fiscal year 2024-2025 report published yesterday. 

5.1% Increase in Overall Revenues 

In more detail, the crown corporation reported total revenues of CAD$734.2 million for the third quarter (Oct. 1 to Dec. 31, 2024), marking a 5.1% increase year-over-year (CAD$35.5 million) compared to Q3 FY 2023-24, along with a net income of CAD$360.5 million, reflecting a 6.3% year-over-year rise (CAD$21.3 million).

"Loto-Quebec remains on track, with very good financial results that surpass last year’s,” said President and CEO Jean-Francois Bergeron. “This strong performance moves us closer to achieving our annual net income target. We’re very proud of it, especially since it ultimately benefits all of Quebec.”

In total, from April 1 to December 31, 2024, the crown corporation reports revenues of CAD$2.23 billion (an increase of CAD$127 million, or 6% compared to the previous year) and net income of CAD$1.13 billion (an increase of CAD$55.8 million, or 5.2%). 

Canadian gaming: Casinos Set for Record-Breaking Year 

Based on sector results, from April 1 to December 30, 2024, revenues from the lottery product sector reached CAD$703.4 million, while revenues from the casino and gaming hall sector were CAD$906.8 million (on track for a record year, as stated by the crown corporation), and revenues from the gaming establishment sector amounted to CAD$645.5 million. 

Loto-Québec operates land-based facilities known as casino and gaming halls. “Gaming venues” pertains to betting that occurs outside of casinos – including sports wagering, video lottery machines in taverns, and also bingo and Kinzo establishments. 

Gaming venues experienced a minor decline in Q3, generating CAD$213 million in total revenue, a decrease from CAD$218 million in Q3 FY 2023-24. 

Bragg Deal to Boost Content

“Enthusiasm for our flagship product Célébration was at an all-time high, with ticket sales exceeding last year’s and a very exciting gala that brought people together,” Bergeron said in a statement. “Our casinos and gaming halls also shone brightly during the holidays, treating our customers to festive and unforgettable experiences. The lineup of activities was appealing, as the increase in traffic shows.”

"Responsible commercialization principles remained at the core of our priorities. We took advantage of the holiday season to roll out campaigns reminding our customers that lottery tickets are for adults only and raising their awareness about the risks of playing under the influence of alcohol.”

In February, Loto-Québec revealed a partnership with Bragg Gaming to enhance its online casino offerings.