Loto-Québec revenue declines in first quarter despite online growth

3rd September 2019 6:57 am GMT

Canadian provincial lottery operator Loto-Québec has reported a 4 per cent drop in revenue to CAD$656.1m for its financial first quarter ended 24 June.

The operator posted declines across its product portfolio, with revenue from gaming establishments overtaking lottery revenue for the first time.

Despite paying out the biggest jackpot in the lottery’s history during the period, lottery revenue was down 12 per cent year-on-year to $216.0m, due in part to fewer Maxmillions being [...]