Loto-Quebec’s online gambling site is on track to smash its previous revenue record following another quarter of double-digit growth.
The Canadian province’s gambling monopoly reported a one-third rise in revenue at its Espacejeux online division in the first nine months of its 2015-16 fiscal year. Espacejeux revenue is up 33.2% to C$46.2m (US $34.4m), only $2.7m less than the sum earned during the full 2014-15 fiscal year.
Sadly, that’s the extent to which Loto-Quebec details its online operations, outside of saying its database of registered customers is growing larger every week (now believed to total around 16k). Informative, huh? There’s just nothing like the kind of public accountability one gets from a publicly funded monopoly.
Loto-Quebec credited the rise to a “significant improvement” to its online offering. The monopoly announced a boost in betting payout percentages at its Mise-o-jeu online and mobile parlay sports betting operation in December. Mise-o-jeu also recently announced it was taking prop wagers on the US presidential election, following the lead of other provincial monopoly sites.