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2023–2024 Fiscal YearLoto-Québec delivers one of its best performances in nearly 20 years

2023–2024 Fiscal YearLoto-Québec delivers one of its best performances in nearly 20 years

Montréal, June 6, 2024 — Loto-Québec has maintained its momentum and posted excellent results. By the end of the 2023–2024 fiscal year, the corporation had paid out more than $3 billion, including a major dividend of $1.508B to the Government of Québec and $1.575B to winners. The results were Loto-Québec’s best in almost 20 years, aside from its banner performance in 2022–2023.
 

Change in Loto-Québec’s net income in billions of dollars. Net income of 1.5 billion dollars in 2024. 2006: The Tobacco Control Act was enacted, significantly impacting gaming site and bar traffic. 2021 and 2022: Years affected by COVID-19 restrictions.

 

QUOTES FROM THE PRESIDENT AND CEO


“Thanks to our team’s outstanding work, we achieved our budget target. Our teams worked diligently to diversify our offering and ensure its responsible and efficient management. As a result, we maintained our ratio of total expenses to revenues at the desired level,” said Jean-François Bergeron.

“We’re very proud that the World Lottery Association has renewed our Level 4 responsible gambling certification, the highest such recognition in the industry. It shows that responsible commercialization is central to everything we do.”

“Our achievements over the past year were numerous, including our exciting announcement that a hotel will be built on the Casino de Montréal grounds. Once completed, this major project will cement the casino’s status as one of North America’s top entertainment destinations.”

 

HIGHLIGHTS


This year’s results are the fourth highest in Loto-Québec’s history, despite the economic context. The teams continued enhancing the offering to keep it in line with customer expectations while maximizing operational efficiency and ensuring responsible commercialization, which remains a priority for the organization.

2.932 billion dollars: Total revenues generated by the 100% legal gaming offer in Québec. 1.511 billion dollars: Net income, reinvested entirely in the community. 1.575 billion dollars: Amount paid out to winners, including 97 prizes of 1 million dollars or more.

*Lottery, network bingo and Kinzo

 

Results by sector

Lottery: 958.8 million dollars. Casinos and gaming halls: 1.109 billion dollars. Gaming establishments*: 885.5 million dollars.

*Video lottery terminals in bars, event betting, network bingo and Kinzo

 

OTHER CONTRIBUTIONS TO THE COMMUNITY

 

$396M Payroll to nearly 5,000 employees
$337M Commissions paid to nearly 10,000 retail operators
$315M Purchases from some 1,000 companies doing business in Québec
$35M Direct contributions to problem gambling prevention
$14M Contributions to over 500 non-profit organizations  
$13M Sponsorship contributions, including 54 Rendez-vous Loto-Québec events

 

The 2023–2024 Annual Report [PDF – 7.8 MB, in French only] is available on the Loto-Québec website. The English version will be available later.

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Source and for more information
Renaud Dugas
Spokesperson and Director of Media Relations
Loto-Québec
514-499-5208
renaud.dugas@loto-quebec.com

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