Canadian gaming: Loto Québec Reports 6.3% Net Income Increase in Q3

Posted on: March 15, 2025, 11:17h. 

Last updated on: March 15, 2025, 11:17h.

Mark Keast Read More

Expertise: Canadian Gaming, iGaming, Las Vegas, Sports Betting, NFL, Boxing, UFC.

Loto-Québec has posted increases in both total revenues and net income, according to its Q3 fiscal year 2024-2025 report released yesterday.

5.1% Uptick in Total Revenues

More specifically, the crown corporation generated CAD$734.2 million in total revenues in the third quarter (Oct. 1 to Dec. 31, 2024), a 5.1% year-over-year increase (CAD$35.5 million) from Q3 FY 2023-24, and a net income of CAD$360.5 million, a 6.3% year-over-year increase (CAD$21.3 million).

Loto-Québec remains on track, with very good financial results that surpass last year’s,” said President and CEO Jean-Francois Bergeron. “This strong performance moves us closer to achieving our annual net income target. We’re very proud of it, especially since it ultimately benefits all of Quebec.”

Overall, from April 1 to Dec. 31, 2024, the crown corporation reports total revenues of CAD$2.23 billion (year-over-year increase of CAD$127 million, or 6%) and net income of CAD$1.13 billion (up CAD$55.8 million, or 5.2%).

Canadian gaming: Casinos on Pace for Record Year

According to results per sector, from April 1 to Dec. 30, 2024, lottery product sector revenues amounted to CAD$703.4 million, casino and gaming hall sector revenues were CAD$906.8 million (on course for a record year, the crown corporation said in a statement), and gaming establishment sector revenues totalled CAD$645.5 million.

Casino and gaming halls are the land-based facilities operated by Loto-Québec. “Gaming establishments” refers to wagering outside the casinos – sports betting, video lottery terminals in bars, as well as bingo and Kinzo halls.

Gaming establishments took a slight dip in Q3 – CAD$213 million in total revenues, down from CAD$218 million in Q3 FY 2023-24.

Bragg Deal to Boost Content

“Enthusiasm for our flagship product Célébration was at an all-time high, with ticket sales exceeding last year’s and a very exciting gala that brought people together,” Bergeron said in a statement. “Our casinos and gaming halls also shone brightly during the holidays, treating our customers to festive and unforgettable experiences. The lineup of activities was appealing, as the increase in traffic shows.”

Responsible commercialization principles remained at the core of our priorities. We took advantage of the holiday season to roll out campaigns reminding our customers that lottery tickets are for adults only and raising their awareness about the risks of playing under the influence of alcohol.”

In February, Loto-Québec announced a content deal with Bragg Gaming to boost its online casino library.