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Online gambling the star of Loto-Quebecs annual report

loto-quebec-online-gambling TAGs: Canada , Espacejeux.com , Loto Quebec , quebec 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. Loto-Quebec revamped its online platform earlier this year to ensure one-stop shopping for all possible product offerings – lotteries, poker, casino games, bingo and sports betting. The monopoly claimed the harmonious offering of games via its land-based and online offering is part of its ‘brick and click’ strategy. Some 25 Loto-Quebec customers enjoyed online paydays of over C$100k in 2017-18, including a C$1.22m Powerbucks progressive slots jackpot last July.

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