Loto-Québec, the state-run lottery operator, has announced a historic revenue achievement for the fiscal year 2025-2026. The operator reported earnings of CAD$3.089 billion (US$2.23 billion), marking the first time it surpassed the CAD$3 billion threshold. This represents a 3.2 percent increase compared to the previous year. Consolidated net income hit CAD$1.526 billion (US$1.1 billion), nudging up by 0.5 percent year-on-year.
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Lottery and Casino Performance
Revenue from lottery products came in at CAD$995.6 million (US$719.3 million), up 3.6 percent from the prior year. Casino and gaming hall sectors saw earnings of CAD$1.301 billion (US$939.8 million), showing an 8.3 percent rise. However, gaming establishments reported a decline, with revenue falling 4.5 percent to CAD$814.5 million (US$588.5 million). The year saw a massive CAD$1.914 billion (US$1.382 billion) in prize payouts, featuring a standout CAD$70 million (US$50.6 million) Lotto Max jackpot won by two residents of Montérégie and Montréal.
CEO’s Vision and Future Plans
Jean-François Bergeron, Loto-Québec’s president and CEO, lauded the financial performance as indicative of the organization’s strong growth potential. “This excellent performance shows the strength of our organization and our ability to maintain our growth trajectory,” he stated. Bergeron emphasized the importance of Loto-Québec’s ongoing efforts to strengthen its online gaming position, particularly in sports betting, aiming for market oversight rather than aggressive expansion. And the CEO underscored several key initiatives: construction of a new hotel next to Casino de Montréal, new gaming halls in Rimouski and Saguenay, and an expansion of the Hôtel-Casino du Lac-Leamy conference center. These projects align with Loto-Québec’s strategy to enhance customer experience and bolster Quebec’s economy and tourism.
Financial and Social Contributions
Loto-Québec reported a payroll outlay of CAD$442 million (US$319.3 million) and distributed CAD$324 million (US$234.1 million) in commissions to retail partners. The operator contributed CAD$36 million (US$26 million) to problem gambling prevention and donated CAD$18 million (US$13 million) to local non-profits. Industry observers will note that the company continues its trend of large community contributions, maintaining a stable employment base and supporting responsible gambling initiatives.
Looking Forward
Loto-Québec’s financial commitments and strategic plans suggest a focus on sustained growth and community integration. The board’s next major decision will be addressing the implementation timeline for its real-estate projects, expected in the upcoming quarter. Industry stakeholders will watch closely to see how these developments unfold.
Garry Sputnim is a seasoned journalist and storyteller with over a decade of experience in the trenches of global news. With a keen eye for uncovering stories that resonate, Alex has reported from over 30 countries, bringing light to untold narratives and the human faces behind the headlines. Specializing in investigative journalism, Garry has a knack for technology and social justice issues, weaving compelling narratives that bridge tech and humanity. Outside the newsroom, Garry is an avid rock climber and podcast host, exploring stories of resilience and innovation.
