Loto-Québec revenues face steep decline

The biggest declines reported were in casinos, bingo halls and other gambling venues such as bars with gaming machines.

Canada.- Loto-Québec’s gaming revenues for the first half of the fiscal year were less than half the figures reported for the same period in 2019.

For the year ending September 30, the operator has reported gaming revenues of $687.4m, a 51.4 per cent decline from C$1.4b in the first half of the fiscal year 2019-2020.

The biggest declines were in casinos, bingo halls and other gambling venues such as bars with gaming machines, where revenues fell 64.9 per cent to $179.9m.

Lottery retail sales resumed in May, but lottery revenue for the half was down 25.5 per cent to $335.3m.

Online gambling performed strongly, producing $60.9m of lottery revenues. That’s an increase of 292.5 per cent on the same period last year.

Loto-Québec’s revenue for the fiscal year 2019-2020 exceeded company targets but still represented a 3.1 per cent year-on-year decrease. Casinos contributed the most revenue.