Loto-Québec Tops CA$3 Billion Revenue for First Time

Jonathan Rodriguez

Written by: Jonathan Rodriguez

Published: Thu Jun 11, 2026, 7:00 am ET

Read Time: 6 minutes

Loto-Québec Tops CA$3 Billion Revenue for First Time

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Loto-Québec reached a significant milestone during fiscal year 2025-26 after generating more than CA$3 billion in total revenue for the first time in its history. 

In a press release, the provincial gaming corporation reported revenue of CA$3.089 billion and net income of CA$1.526 billion. This extends a streak of four consecutive years with profits above CA$1.5 billion.

The results mark another strong year for the crown corporation, although the underlying performance varied across business segments. While land-based casinos posted substantial gains, lottery revenue declined slightly and debate continues over the future of Quebec's online gaming market.

Key Financial Highlights of Quebec's Gambling Market

Loto-Québec's fiscal year 2025-26 results established new revenue records for the corporation. Key figures from the reporting period include:

  • Total revenue: CA$3.089 billion, up 3.2% year over year
  • Net income: CA$1.526 billion
  • Lottery prizes awarded: CA$1.914 billion
  • New millionaires created: 111
  • Fourth consecutive year with net income above CA$1.5 billion

The headline figures reflect continued consumer spending across the province's regulated gaming market. However, growth was concentrated in specific business segments rather than distributed evenly across the corporation's portfolio.

Performance Across Gaming Segments

The fiscal year results revealed a mixed performance across Loto-Québec's various gaming operations. Strong growth in land-based casinos helped push total revenue above the CA$3 billion mark, offsetting softer results in other areas.

Casinos and Gaming Halls

Casinos and gaming halls accounted for much of Loto-Québec's growth during fiscal year 2025-26. According to the corporation's annual results, casino revenue increased by roughly 8.3% year over year, surpassing CA$1 billion.

The performance helped compensate for slower growth elsewhere and played a central role in helping the corporation achieve its record revenue total. Visitor traffic and spending at casino properties remained strong throughout the fiscal year.

Lottery

Lottery products delivered nearly CA$1 billion in revenue during the reporting period. However, lottery revenue declined by approximately 0.5% year over year to CA$995.6 million.

Despite the slight drop, the segment remained one of Loto-Québec's largest revenue generators. The corporation also awarded a record CA$1.914 billion in lottery prizes and created 111 millionaires during the fiscal year.

Online Gaming

Online gaming continued to contribute to Loto-Québec's overall results through its Espacejeux platform. The corporation has continued investing in digital products as consumer gaming habits increasingly shift online.

Online Casinos

Espacejeux serves as Quebec's primary regulated online casino platform, offering slots, table games, and live dealer content to players throughout the province.

The platform remains an important component of Quebec gambling policy. However, its position has become a focal point in broader discussions about whether Quebec should maintain its current monopoly model or adopt a competitive licensing framework similar to Ontario's regulated Canada online casino market.

Online Sportsbooks

Sports betting remains a growing area within Canada's digital gaming industry, and Loto-Québec continues to expand its online wagering offerings through Espacejeux.

The corporation views Canada online sportsbooks as an important channel for attracting players to regulated products. However, critics argue that a substantial portion of Quebec bettors continue using offshore operators that operate outside the province's regulatory framework.

Loto-Québec Expands Its Digital Strategy

Loto-Québec President and CEO Jean-François Bergeron said the corporation's investment in digital products and omnichannel experiences helped support its fiscal year performance.

In the annual report, Bergeron highlighted efforts to strengthen connections between retail and online gaming channels while improving customer experiences across multiple platforms.

"We have continued to enhance our offerings by leveraging the synergy between our various channels," Bergeron wrote. "We have upgraded our online gaming site and mobile apps, and expanded our in-store offerings, particularly by focusing on a variety of entertainment options that encourage social interaction."

Bergeron also emphasized the importance of strengthening the corporation's digital presence as more gaming activity moves online.

"It is essential that Loto-Québec strengthen its presence in the online gaming sector, including sports betting, to ensure better oversight and guarantee that profits benefit the people of Québec," Bergeron added. "We prioritize a responsible approach aimed at capturing the market rather than stimulating growth."

The comments align with the corporation's strategy of directing players toward regulated gaming products while competing with offshore operators that continue to attract Quebec customers.

Debate Over Quebec's Online Gaming Model Continues

While Loto-Québec celebrated a record fiscal year, debate continues regarding the future structure of Quebec gambling regulation. The Québec Online Gaming Coalition (QOGC), which represents several private gaming operators, has intensified calls for the province to adopt a licensing framework similar to Ontario's regulated iGaming market. 

Coalition members argue that the current monopoly model limits competition and allows a large share of online gambling activity to occur outside the regulated system.

Industry estimates frequently cited by the coalition suggest that Espacejeux captures only a portion of Quebec's total online gaming activity. Some estimates place Loto-Québec's share of the province's online gaming handle at approximately 27%, with the remainder flowing to offshore or grey-market operators.

Supporters of a competitive market argue that opening Quebec to licensed private operators could increase channelization, improve consumer protection, and generate additional provincial revenue. 

Loto-Québec, meanwhile, maintains that strengthening its own digital offerings remains the most effective approach to keeping players within a regulated environment.

The debate has drawn comparisons with Ontario's regulated market. Ontario launched its iGaming market in 2022 and has since attracted dozens of licensed operators. 

As Ontario's model continues to expand, pressure may grow on Quebec policymakers to evaluate whether changes to the province's online gaming framework are necessary.

A Brief History of Quebec Gambling

Quebec gambling has evolved considerably since Loto-Québec was established in 1969. The corporation initially focused on lottery products before expanding into casinos, gaming halls, video lottery terminals, and online gaming.

Over the decades, Loto-Québec has become the province's dominant gaming operator. It is also a major source of revenue for the Quebec government. The launch of the Espacejeux platform in 2010 marked the corporation's entry into the regulated online gaming sector.

Today, Loto-Québec oversees most forms of legal gambling in the province, making it one of Canada's largest government-operated gaming organizations.

What Comes Next for Quebec Gambling?

The fiscal year 2025-26 results provide Loto-Québec with momentum heading into the next reporting period. However, future growth may depend on several factors, including consumer demand, digital adoption, and the evolving regulatory landscape.

The corporation is expected to continue investing in online products and mobile technology. This initiative aims to attract more players to regulated platforms. At the same time, discussions surrounding market liberalization are unlikely to disappear.

The province's online gaming sector will remain a closely watched area of the Canadian gaming industry. Whether Quebec ultimately maintains its monopoly structure or explores a competitive licensing framework remains to be seen.

For now, Loto-Québec's CA$3.089 billion revenue performance stands as a notable milestone. This is despite broader questions about the future of Quebec gambling continue to emerge.

Jonathan Rodriguez
Jonathan Rodriguez

Jonathan is an avid basketball fan, and is often looking forward to the next upcoming NBA season when not checking players' stats during games. He also likes to keep his ears on the ground for the latest rumblings in the online casino industry.

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