The online gambling division of the British Columbia Lottery Corporation (BCLC) was the Crown corporation’s fastest growing segment in its most recent fiscal year.
BCLC enjoyed record profit of C$1.31b (US $994m) in the 12 months ending March 31, 2016, 4.7% more than it earned in fiscal 2014-15. Total revenue also set a new record at $3.1b, $197.5m more than the previous year.
BCLC said this achievement was all the more notable given it was the only one of Canada’s provincial gaming monopolies not to suffer a year-on-year revenue decline “in this demand driven environment.”
New win per capita was $501, up from $482 in 2014-15 and better than BCLC’s target of $477. BCLC says it benefited from a record number of large lottery jackpots and increased slots play as the falling Canadian dollar discouraged many gamblers from crossing over the border to play in US casinos.