Online gambling the star of Loto-Quebec’s annual report

The gambling monopoly in the Canadian province of Quebec reported annual online gambling revenue over the C$100m mark for the first time.

On Thursday, Loto-Quebec released its fiscal 2017-18 report, which showed overall revenue of C$3.77b (US$2.88b) in the 12 months ending March 31, 2018. The sum is 3.7% higher than the monopoly generated in its 2016-17 fiscal year, while net profits improved 8.5% to C$1.33b.

Loto-Quebec’s biggest gainer was its online gambling site, EspaceJeux.com. Online revenue improved 37.5% to C$118m, better than the 29.7% growth in the previous fiscal year. Online lottery sales were up 34% to C$53.7m while online casino improved 40.6% to C$64.3m.

By way of comparison, the provincial gambling sites in British Columbia and Ontario reported revenue of C$157.6m and C$58.4m, respectively, in their most recent annual reports.