Yesterday the Ontario Lottery and Gaming Corporation revealed that online betting revenues were up by 25% for the most recent fiscal year.
Key financial indicators for the fiscal year ending March 31st, 2018 were:
- Revenues of CAD $7.58 billion, up 5.6% from the year prior
- Net income up 5.3% to CAD $2.49 billion
- Lottery revenues up 2.7% to CAD $3.7 billion
- Land-based casino revenues down 0.8% to CAD $3.55 billion
- Charitable gaming revenues up 12.4% to CAD $172 million
- The province's online gaming monopoly site PlayOLG had revenues up 25.2% to CAD $73.1 million
- Online net income up 37.3% to CAD $37.6 million
- Active players on PlayOLG were up 23.6%, which is attributed
In the report OLG Chair George Cook said, "In 2017-18, the Ontario Lottery and Gaming Corporation (OLG) accomplished a number of objectives. We moved forward with the modernization of Land-based Gaming, took important steps in our digital evolution, introduced new lottery products and forged new agreements with the horse racing industry and charitable gaming sector - all while continuing to drive strong financial results."
Those interested in reading the report can do so here.