Loto-Quebec Revenue Breaks Records
Loto-Quebec President Lynne Roiter hasn’t much of a care in the world as it stands in business at the moment. Especially not after the provincial Lottery operator recently revealed a 3.1% year-on-year increase in terms of overall revenue when compared to the fiscals for 2017/2018. What’s obvious is that Loto-Quebec has turned its ship around, and it’s mostly thanks to its Lottery games as well as its iGaming offerings. And astoundingly so, this is all in spite of the fact that the operator has started to do away with VLTs (Video Lottery Terminals), a move that was expected to have had a very negative effect on overall revenue.
VLTs have become real bones of contention in the province, having managed to attract a lot of negative publicity as a result of how the machines work. Canada’s courts have become privy to many a class action lawsuit application recently as a result of actions being filed by players accusing VLT-operators of predatory and purposeful behaviour. The terminals are accused of being by their very design, created to become the makings of addictions within players.
Online Games Did Their Part
A lot of what’s been happening on the revenue front is thanks to a range of new Lottery games having been rolled out, the growing popularity of instant win games and also the brand new online casino games offering made available by Loto-Quebec on a specialised online platform that is dedicated to players wanting to enjoy online casino games.
In fact, so successful has the Crown Corporation’s online gambling offering been, that its own independently generated revenue has undergone nothing short of a spiked surge. A 23.2% surge isn’t the norm, after all.
Lotto Max Top Performer
The main income driver when talking specifically Lottery-generated income revenue has without the shadow of a doubt been Lotto Max. The Lottery game has registered record ticket sales and jackpots over the course of the past 12 months. So successful had the weekly games become and so large the jackpots on offer, that the operator was forced to start hosting two weekly draws instead of just one.
Lotto Max ticket sales had managed to surpass the $52.3 million mark over the course of the past couple of months. Enormous jackpots have been up for grabs thanks to ticket sales and its really been case of a jackpot snowball effect.