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2019-2020 Third Quarter – Loto-Québec is on Track to Meeting Its Target

February 18, 2020 | Government

MONTRÉAL, Canada  — Three-quarters through the 2019-2020 fiscal year, Loto-Québec reports total revenues of $2 .101 billion and consolidated net income of $1 .082 billion.

QUOTE

At this point in the fiscal year, we can confidently announce that we are on track to meeting, and even exceeding, our annual net income target of $1 .295 billion,” said President and CEO Lynne Roiter

HIGHLIGHTS

  • In the lottery sector, revenues declined compared to the same period last year. The decrease is due to Lotto Max, which offered fewer jackpots of $50 million or more and Maxmillions prizes than in 2018–2019, which was an exceptional year as for the number of major jackpots offered.
  • Loto-Québec paid out several major prizes during the last quarter, including jackpots of $50 million and $32 million.
  • Casino and gaming hall revenues continued their upward trend.
  • The online gaming site once again recorded higher revenues for both lottery and casino games.
  • Revenues from the bar network were lower, mainly because of terminal withdrawals in areas targeted by the video lottery terminal network action plan.
  • Revenues from bingo and Kinzo halls continued to grow.
  • The World Lottery Association has renewed Loto-Québec’s Level 4 Certification—the highest level of accreditation for responsible gambling in the world.
  • December 23, 2019 , marked 50 years since the inception of Loto-Québec. The Corporation will be highlighting its history and launching several initiatives geared at its customers throughout the year.

The quarterly report is available on Loto-Québec’s website.

SOURCE Loto-Québec.

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