Loto-Quebec’s online gambling revenue jumped more than one-quarter in the first nine months of its fiscal year.
Quebec’s provincial gambling monopoly released its fiscal Q3 results on Friday, showing overall revenue falling 1.5% to C$2.61b (US $1.62b) in the nine months ending December 31, 2016. Profits were also down, falling 1.3% to C$933m, which Loto-Quebec blamed on two fewer days during the period and a paucity of big lottery jackpots.
The Espacejeux.com online gambling operation reported revenue of C$58.3m, a 26.4% rise over the previous corresponding period. Online lottery sales improved nearly 30% to C$26.8m while other online gambling products rose 23.5% to C$31.5m.
The results put Espacejeux well on pace to break its previous 12-month revenue total of C$66.2m. Regardless, Quebec insists it’s proceeding with its plans to compel internet service providers to block the domains of Espacejeux’s international competitors, even if telecom industry groups and Canada’s national telecom regulator say the plan is illegal.