Loto-Québec Casino Games: Revenue Plummets 51.4% during Covid-19 First Half

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The revenue for the first six months to 28 September amounted to CA$687.4m (£400.2m/€443.8m/$517.0m), with the temporary suspension of retail lottery sales and closure of land-based gaming establishments due to Covid-19 from 23 March. The biggest declines in the first half were seen in casinos and venues (such as bingo halls and bars hosting gaming machines), with revenue falling 64.9% to $179.9m and 62.7% to $174.0m, respectively. While retail lottery sales resumed earlier from 4 May, the decline in that sector was still noticeable, with revenue down 25.5% at $335.3m. Inter-company sales decreased significantly to $1.7m. On the other hand, online gambling, which Loto-Québec prioritized during the retail lottery suspension, showed strong performance. Lottery revenue through online channels increased by 292.5% to $60.9m, and casino revenue rose by 131.6% to $105.6m.

Source: iGB North America

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Karol Petersen is a distinguished writer with a fervent interest in the realms of gambling and online gaming. With a career spanning over a decade, Karol has developed a comprehensive understanding of the gambling industry, including casinos, sports betting, poker, and the burgeoning online gaming sector. Known for his meticulous research and engaging writing style, Karol provides readers with in-depth reviews, insightful strategies, and up-to-date industry trends. His work demystifies complex topics, making them accessible and enjoyable for both beginners and seasoned gamblers. Karol's articles are trusted resources, offering practical advice and expert analysis that empower readers to make informed decisions and enhance their gaming experience.
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