Loto-Québec Hits Record CAD $3 Billion Revenue Milestone for First Time
Posted on: June 5, 2026, 12:44h.
Last updated on: June 8, 2026, 05:50h.
- The provincial operator logged its fourth consecutive year of net income exceeding $1.5 billion
- A record-breaking CAD $1.914 billion was distributed to lottery winners across the 2025-26 fiscal year
- The stellar financial performance comes amid mounting pressure to adopt an Ontario-style open iGaming model
Loto-Québec topped CAD $3 billion in total revenues for the 2025-26 fiscal year, a record, according to an annual report released by the crown corporation.
Loto-Québec generated CAD $3.089 billion in total revenues, with CAD $1.525 billion in net income (the fourth consecutive year it has passed the CAD $1.5 billion barrier), which is invested back into the province.
“This excellent performance shows the strength of our organization and our ability to maintain our growth trajectory, while generating significant spin-offs for Québec,” said Loto-Québec President and CEO Jean-Francois Bergeron in a statement.
“It is essential that Loto-Québec strengthen its position in online gaming, including sports betting, to ensure greater oversight and that the profits generated benefit the people of Québec. We’re promoting a responsible approach, aiming to capture the market rather than stimulate its growth.”
$1.9 Billion Paid to Lottery Winners
According to the Loto-Québec annual report, a record amount was paid out to lottery winners during the 2025-26 fiscal year – CAD $1.914 billion.
When looking at the revenue breakdown by sector: casinos and gaming halls generated $1.301 billion, lottery games $995.6 million, and gaming establishments (games offered outside Loto-Québec casinos and gaming halls, including sports betting, video lottery terminals in bars, and bingo and Kinzo halls) CAD $814.5 million.
Fourth Gaming Hall Opened
In December, Loto-Québec announced the opening of a fourth gaming hall, which will be located in Saguenay, on the grounds of the Delta Hotel property and its conference center.
“The fact that 81% of Quebec online players choose lotoquebec.com is a sign that Loto-Québec’s online offering meets customer needs,” the statement read.
However, Quebec is going to be one of the more interesting markets to watch through the end of the year. According to research into channelization rates across Canada, provided by TRM Public Affairs, the total available iGaming market in Quebec is just under CAD $3.1 billion, with 27% of play channeled to the regulated space, 73% to the unregulated. TRM estimated that CAD $2.3 billion in gross gaming revenue is being lost to the unregulated market in the province.
Calls To Open Up Quebec Market To Private Operators
Addressing the future of the Quebec market, Bergeron acknowledged growing calls for a new regulatory regime for the province, which would break up the current government-controlled monopoly, bringing in private iGaming operators to compete, similar to the Ontario and Alberta models.
Ariane Gauthier, the spokesperson for the Quebec Online Gaming Coalition (QOGC), an industry group representing major operators including DraftKings, Flutter, Entain, Betway, Bet99, Rush Street, and Apricot, said the two leading opposition parties have met with the QOGC and are open to examining a scenario that opens the Quebec market up more to a regulated, open competitive set-up.
As we’ve reported, a provincial election is scheduled for this October. According to 338Canada this morning, it’s a three-party race – Parti Québécois, at 30%, the Liberal Party, at 28%, and the governing Coalition Avenir Québec (CAQ), at 20%.
The CAQ, Gauthier told Casino.org, is not in favour of opening the market up.
One of the big concerns in changing things, expressed by the opposition parties, she added, was the level of igaming advertising seen in the Ontario market, and negative impacts on youth.
“However, the amount of advertising in Ontario reflects Ontario’s choices,” she said. “We can regulate private igaming offerings in Quebec with different rules, maybe stricter rules. You don’t have to cut and paste a model.”
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