Loto-Québec registers revenue growth at the conclusion of the fiscal year 2024-25
Posted on: June 9, 2025, 01:04h.
Last updated on: June 9, 2025, 03:55h.
Contributors: Mark Keast, Canuck Gaming Diaries
Loto-Quebec's latest financial year shows a bumper harvest for the gaming giant, boasting CAD $2.993 billion in total revenues—an increment from the CAD $2.932 billion reported last year.
A Year of Success for Loto-Quebec — Bergeron's Take
Jean-Francois Bergeron, President and CEO of Loto-Quebec, expressed his satisfaction with the impressive results, attributing them to the team's relentless efforts, even in the face of economic uncertainty.
In a statement, he proclaimed, "Quebec benefits from these strong results. Our recent successes are truly remarkable!"
Net Income: A Tiny Boost, but Winner Payouts Soar
Loto-Quebec netted CAD $1.518 billion, a slight increase from the CAD $1.511 billion reported for FY 2023-24. However, the corporation shelled out a colossal CAD $1.782 billion to lucky winners, including 131 jackpots of CAD $1 million or more.
Diversifying Entertainment Options for a Better Customer Experience
Bergeron praised the organization's ongoing efforts to improve their offerings, both on land and online. Loto-Quebec's entertainment options have been expanded thanks to an enhanced product portfolio, a diversified event lineup, and invigorating dining options. Bergeron underlined their commitment to providing a safe, responsible, and legal gaming experience for enthusiasts.
Breaking Down Revenue Sectors
Lottery games yielded CAD $960.8 million, while casinos and gaming halls generated CAD $1.202 billion. Gaming establishments raked in CAD $852.7 million, encompassing activities beyond Loto-Quebec's own premises, such as sports betting, video lottery terminals in bars, and bingo and Kinzo halls.
The Call for Competition: Quebec Online Gaming Coalition
The Quebec Online Gaming Coalition, comprising Betway, Bet99, DraftKings, Entain, Flutter, Games Global, Rush Street Interactive, and Apricot Investments, has been advocating for a regulatory framework similar to Ontario's within Quebec. They believe that the current market needs more competition to thrive.
Ariane Gauthier, spokesperson for the coalition, pointed out that, although Quebec's economy and population have significantly grown over the past two decades, Loto-Quebec's returns to the government have remained stagnant and are even decreasing when adjusted for inflation.
Gauthier argued, "More and more of player activity is happening outside of Loto-Quebec, which underscores the need for regulation of the private gaming market." She challenged Loto-Quebec to provide a transparent account of the situation, suggesting that maintaining a monopoly could jeopardize valuable revenue for the government.
The Debate Unfolds
It's an intriguing argument—one that questions whether Loto-Quebec's online gaming monopoly still serves the government's best interests. While specific data may not be readily available, the coalition puts forth three compelling points in favor of a more competitive market:
- By fostering competition, the market could see more innovation, leading to an enhanced gaming experience and potentially drawing in more players.
- A more open market could yield greater tax revenues for the government, as multiple operators contribute to the overall revenue.
- A strong regulatory framework would promote fair competition and protect consumers, helping the government effectively manage its gaming activities.
It remains to be seen how Loto-Quebec will respond to these challenges, as industry analysts and stakeholders eagerly await the next chapter in Quebec's gaming saga.
Loto-Quebec's successful venture into Canadian gaming technology, particularly in sports betting, has contributed significantly to their booming revenues, as demonstrated by the increase from CAD $2.932 billion to CAD $2.993 billion in total revenues during FY 2024-25.
Joint forces with the Quebec Online Gaming Coalition, comprising established names like Betway, DraftKings, and others, are advocateating for a competitive gaming market similar to Ontario's, citing potential benefits such as increased innovation, higher tax revenues, and fair competition.
