Loto-Québec, the provincial lottery and gambling operator headquartered in Montreal, has released its performance data for the first quarter of the financial year and the records show strong growth in the lottery segment.
The first quarter of the 2021-2022 financial year ended on June 30, and for Loto-Québec it was a very positive period. The government-owned corporation recorded total revenue of 401.3 million Canadian dollars for the three months to 30 June, a figure which represents an increase of 154.9 percent compared to the same period in 2020.
The difference between the two periods is that in 2020 the company had most of its activities halted due to the novel coronavirus pandemic. Most of the corporation’s physical locations only returned to action during June 2021, though, so the recorded revenue is still 38.8 percent lower compared to the first quarter of the 2019-2020 financial year, the last year before the pandemic.
The lottery segment accounted for most of the company’s revenue, it brought in 284.3 million Canadian dollars which represent an increase of 31.6 percent compared to the same quarter in 2019 and a sharp rise of 171.6 percent compared to the difficult 2020, when many retail agencies were closed for months.
Lottery draws drove in revenue of 203.2 million Canadian dollars, while online lottery products delivered revenue of 35.5 million Canadian dollars, an increase of 18.2 percent compared to the same period last year. One of the best performing products was Lotto Max, which had its best quarter since its launch in 2009.