Quebec’s provincial gambling monopoly is enjoying double-digit gains in online gambling revenue but still can’t keep pace with its west coast provincial rival.
Earlier this month, Loto-Quebec released its report on its performance in the 12 months ending March 31, during which revenue rose 2.1% to C$3.6b (US $2.9b) while profits were essentially flat at C$1.23b but just managed to exceed the fiscal year target.
Loto-Quebec’s mainstay lottery ops saw revenue inch up 1.7% to C$1.83b. This category includes the Mise-o-jeu parlay sports betting product, which contributed revenue of C$76.7m, up 16.5% year-on-year. The brick-and-mortar casino vertical saw revenue rise 4% to C$838.8m, while gaming establishments gained 1.3% to C$993.5m.
Loto-Quebec’s Espacejeux.com online gambling site saw its revenue rise 29.7% to C$85.9m (US $69.4m). While the nearly one-third rise is impressive, it’s well short of the C$157.6m recently reported by the British Columbia Lottery Corporation’s PlayNow.com, which operates in a province with less than two-thirds of Quebec’s population.