Operator Loto Québec has unveiled its latest financial results for the first half of the fiscal year, reporting a total revenue of CA$1.53bn (US$1.11bn) for the period - up 1.8% year-over-year.
Indeed, these latest financials are reiterated to be in line with Loto Québec's expectations for the 2025/26 period - as net income also reached CA$777.5m during the first half of the fiscal year, an increase of 0.8% compared to the same period of the prior year.
These marginal increases have been accredited by the organization to strong mobilization across key sectors, working in tandem with intensified management and oversight of the province's regulated gambling sector.
Loto Québec financial highlights
Aside from the reported rises in both H1 revenue and turnover, Loto Québec has also confirmed that - during the specified six-month time frame - it has officially made 70 new millionaires in the province, awarding just under CA$973m in winnings.
By sector, the organization has also specified that casino and gaming halls led the way regarding revenues, generating CA$657.4m during H1 2025/26, a rise of 6.7% year-over-year. Elsewhere, casino operations were trailed by lottery, which accounted for CA$467.4m of the overall revenue figure - down 1.4% compared to results from the same period of 2024.
Trailing closely behind was revenue from gaming establishments, which settled at CA$417.9m, also down 3.4% year-over-year. Despite these decreases, however, the operator still managed to return an overall revenue increase in comparison to results from the year prior.
FY H1 at a glance...
Highlights from this six-month period for the operator saw the handing out of over CA$120m in winnings over the course of three weeks through late August into early September - as well as a partnership with Société de l'Québec which saw free entertainment activities take place at the Hôtel-Casino complex in Charlevoix take place over the course of three weekends.
Also highlighted by the operator as part of this latest release is the progression of its Montreal Casino project, alongside the construction of a new gaming hall in Rimouski - which is advancing as planned. Further, earlier this month, Loto Québec formally announced the opening of a new gaming hall in Saguenay.
CEO's comments
Speaking on this latest development, Loto Québec CEO Jean-François Bergeron said: "I am proud of our performance, achieved in a complex economic environment and within a sustained growth trajectory. We have achieved this thanks to our constant focus on sound management and the excellent work of our teams. We are therefore well positioned to reach our annual net income target. Building on these positive results and motivated by ongoing initiatives, we approach the second half of the fiscal year with confidence and determination.
"While the land-based casino industry is experiencing a slowdown, our casinos and gaming halls are seeing growth, both online and in physical locations. This demonstrates that our diverse entertainment offering appeals to customers. Thanks to the numerous prizes awarded, the lottery generates benefits throughout Quebec. The summer quarter was marked by an unforgettable moment for a small community on the Lower North Shore.
"A group of 14 people there won the $50 million Lotto Max jackpot. This spectacular win brought joy to the entire municipality of Bonne-Espérance. Following the launch of the Play Well program a year ago, we continue to demonstrate our commitment to responsible marketing. We have directly engaged with sports betting enthusiasts to remind them that chance plays a central role, even in sports, and have relaunched a mass-market advertising campaign."
Loto Québec operates as the province's sole, monopoly gambling operator and was established as a governmental crown corporation in 1969
