Loto-Québec reported that higher traffic at its casinos and gaming halls was a contributing factor in a small year-over-year increase in revenue through the first three quarters of its 2025-26 fiscal year.
The crown corporation’s financial results for April 1 to Dec. 29, 2025, show that its total revenues reached $2.30bn, up 2.6% from the same period last year. Consolidated net income was flat, up $7.1m (0.6%) to $1.14bn.
The casinos and gaming halls accounted for the largest chunk of the revenues at $976.6m, ahead of lottery games at $721.0m and gaming establishments – which refers to sports betting, video lottery terminals (VLTs), bingo and Kinzo gaming offered outside its gaming halls – at $616.4m.
“Attendance has increased in our casinos and gaming halls, as well as on our gaming website,” said Loto-Québec President and CEO Jean-François Bergeron. “The average spending at our casinos remains stable at around $100 per visit.”
That segment will likely be boosted further in the future, as Loto-Québec announced in December that it will open a new gaming hall in the city of Saguenay in 2027. Gaming lounges are smaller than full-blown casinos, typically offering VLTs, interactive casino games, live entertainment and bar service. The Saguenay location will be the fourth, after similar facilities in Trois-Rivières, Québec City and Rimouski.
Loto-Québec expects $1.5B profit for FY 2025-26
While the casinos and gaming halls segment posted the largest growth of any of those three categories, at 7.7%, lottery segment revenue declined $11m compared to the same period last year. Loto-Québec stated that the decline was partially offset by the “strong performance” of its online gaming arm.
Bergeron said in an interview with CTV News that he expects Loto-Québec will again report a net profit of around $1.5bn for the provincial government by the end of the fiscal year.
“Since coming out of COVID-19, we’ve really seen solid net results,” Bergeron said. “We’ve surpassed the $1.5bn mark for four years running. It’s stable, with steady growth. We’re going to hit the targets we set for ourselves. With just a few weeks left in our financial year, we’re not worried about our targets.”
That echoed the bullish comments Bergeron made in December after the crown corporation’s last financial update. He also emphasized three months ago that Loto-Québec’s online gaming growth is not cannibalizing its land-based gaming operations.
New deals and ventures for Loto-Québec
Loto-Québec reported its latest financials after announcing several new partnerships in recent months.
In December, it unveiled an iGaming deal with Finnish lottery Veikkaus subsidiary Fennica Gaming that will span online casino and einstant lottery games.
Then, in February, it struck a deal with Incentive Games to launch the supplier’s real-money crash and arcade real-money games in Canada for the first time via the company’s distribution deal with Light & Wonder.
Lottery and Québec coalition trade blows
Loto-Québec’s latest modest growth report comes weeks after the Québec Online Gaming Coalition (QOGC) again called on the provincial government to follow Ontario and Alberta in allowing commercial brands to enter the province to compete with the crown corporation. The QOGC claimed Québec is losing out on around $300m in annual tax revenue and doing a disservice to provincial players by not opening up iGaming.
“As more and more Canadian provinces will shift away from the model of a state monopoly, which is completely obsolete when it comes to online gaming, Québec will be isolated and its position will weaken,” QOGC spokesperson Ariane Gauthier told Canadian Gaming Business. “The multiple examples of success in other provinces should pressure Québec to modernize its regulation of online gaming.”
In a statement to Lottery Daily, Loto-Québec Head of Media Relations Renaud Dugas accused the coalition of pushing for online gaming regulation for the purpose of benefiting private out-of-province companies under the pretence of protecting players, and claimed the coalition’s operators are offering products “illegally”. In response, the QOGC accused Loto-Québec of “spreading inaccurate information”, stating that the coalition’s members do not currently operate in Québec and so cannot be labeled illegal.
The QOGC is comprised of U.S. gaming giant DraftKings and FanDuel owner Flutter, BetMGM co-parent and Sports Interaction owner Entain, leading Super Group brand Betway, BetRivers owner Rush Street Interactive, Canadian operator Bet99, major supplier Games Global and Apricot Investments.
