The slow return to normal of gaming activities in the province, combined with a record performance on the side of lottery games, has enabled Loto-Québec to recover most of the backlog it had experienced over the past two years. of pandemic.
This is what the results of its last financial year (2021-2022) show, which were officially presented to the National Assembly this morning.
For the 2021-2022 fiscal year, the Crown corporation yesterday reported consolidated earnings of $1.143 billion, up 57% (or $685.6 million) from a year ago.
This recovery, which has not yet reached its pre-pandemic performance ($1,408.2 billion in 2019-2020), is largely explained by the large lottery sector, which had its best performance in history. .
Over a billion in lotteries
In fact, with sales of $1.043 billion, the lottery sector surpassed $1 billion for the first time and thus had the best year in its history. This is an increase of $185.1 million (21.6%) compared to 2020-2021 and $114.0 million (12.3%) compared to 2019-2020.
For the casinos and gaming halls sector, revenues amounted to $657.2 million, an increase of $323.5 million (96.9%) compared to the previous fiscal year. This result represents 68% of that of 2019-2020, when establishments were open for approximately 60% of the fiscal year, with several restrictions, including limited reception capacity and opening hours.
The gaming establishments sector recorded sales of $524.1 million. Compared to the previous year, this is an increase of $306.7 million (141.1%). This result represents 60% of that of 2019-2020, which corresponds to the opening period of gaming establishments during the fiscal year.
More details will follow.
