Loto-Québec delivered impressive results for 2022–2023, with revenues of CA$2.999B and a dividend payout of CA$1.597B to the Government of Québec. The success can be attributed to sound management, customer enthusiasm, and responsible gambling initiatives. It also made social and environmental contributions, supporting events and reducing greenhouse gas emissions.
The Crown achieved its strongest performance to date, surpassing results since the implementation of the Tobacco Control Act in 2006, which affected gaming establishment traffic. Streamlining operations led to an impressive expense-to-revenue ratio of 29.2%. Customers eagerly embraced entertainment activities following prolonged pandemic restrictions, driving the organization’s success, supported by dedicated teamwork.
Highlights from 2022-2023
As mentioned, the fiscal year was quite eventful for the Crown but this was also the case for its players who claimed over CA$1.5 billion from lottery games, Kinzo and network bingo. There were 107 prizes worth CA$1 million or more, minting 84 new lottery millionaires. This includes a CA$70 million Lotto Max winning and a CA$3 million via three-card poker at Casino Montréal.
Meanwhile, the Crown prioritized responsible commercialization, dedicating CA$33.6M to prevent problem gambling and maintain a healthy gaming experience. This investment funded campaigns promoting responsible gambling tools for players at establishments and online, employee and retailer training, and research projects. By emphasizing responsible gambling initiatives, it aimed to ensure that gaming remains an enjoyable pastime while safeguarding its customers.
Its casino and gaming hall sector recorded revenue of CA$1.101 billion or a CA$444 million increase over the prior fiscal year. Meanwhile, online casino revenue spiked by CA$4.6 million for a total of CA$269.9 million. VLTs, Kinzo, and network bingo accounted for CA$922.2 million in revenue which was an increase of CA$362 million over the previous FY.
Lastly, proceeds from its lotoquebec.com gaming platform which offers lottery, casino titles, and sports betting jumped by CA$13 million or 3.3% from the results in 2021-22. The websites’ numbers account for 13.5% of the Crown agency’s total returns. The closures of its properties in 2020 and 2021 helped the website grow as it was the only legal option for a while.
Eyeing a Mini-Casino in Montreal
Recently, Loto-Québec also shared its plans of expanding its land-based amenities as it aims to launch a gaming hall next to the Bell Centre in downtown Montreal and capitalize on the many sports fans. If plans come to fruition the company will install gaming machines, sport betting terminals and poker tables at the currently vacant 1909 Taverne Moderne restaurant.
However, not everyone is fond of the Crown’s plans for the mini-casino. According to Dr. Jeff Derevensky, Director of the International Centre for Youth Gambling Problems and High-Risk Behaviours, the accessibility and availability of gambling have a direct association with problem gambling. He expressed concerns that increased accessibility could potentially expose more individuals to the risk of developing gambling-related issues or addiction.
Source: “When Loto-Québec has such an outstanding year, all of Québec wins!” Loto-Québec, June 7, 2023