Loto-Québec
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| Crown corporation | |
| Founded | 1969 |
| Headquarters | Montreal, Quebec |
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Key people
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Gérard Bibeau, President and Chief Executive Officer |
| Products | Lotteries, Casinos, Video Lottery Terminals and Bingo |
| Website | www.loto-quebec.com |
Loto-Québec is a Canadian government agency that develops and operates lotteries in the province of Quebec, Canada.
Loto-Québec is a Quebec government corporation whose mandate is to operate games of chance in the province in an orderly and measured way. It was created in 1969 to implement a public lottery. Since that time, Loto-Québec’s shareholder–the Government of Quebec, has given the corporation new mandates that have, over the years, led to a diversification of its activities.
Most of Loto-Québec’s revenue is provided from lottery games such as Lotto Max and 6/49 these games consist of purchasing a ticket which has a set of numbers that can be either hand picked or randomly selected, theses games usually consist of tickets which are worth approximately $2 to 5 a game ($3 to 5 as of 2014). A draw is then made bi-weekly and the ticket that matches the winning combination wins a large prize which is usually over $1 million. However, as in almost every lottery the odds of winning theses games are low. In 2005-2006; new lottery terminals were undated to prevent fraud, and to display more information concerning winning prizes. In addition a new gambling segment for sport games prediction was added. The Lotto 6/49 jackpot climbed to a record high of $54.3 million, new scratch ticket games were launched Clue, Texas Hold'em Poker and Tetris. Loto-Québec won the Silver Award for the 2009 Annual Report during the Vision Awards of the League of American Communications Professionals (Loto-Québec – Dates and Events.
Loto-Québec offers various types of games of chance.
Through its network of more than 9,800 retailers, the corporation offers a variety of lottery products, including:
Loto-Québec’s activities are managed by several subsidiaries:
Loto-Québec employs more than 6,000 people (as of March 31, 2010) including nearly 4,500 in its four casinos.
The corporation has a program for the acquisition of contemporary Quebec art in its Collection Loto-Québec. The collection holds more than 4,900 works of art by some 1,200 Quebec artists.
In 1969, the Government of Quebec passed the Act respecting the Société des loteries du Québec, and created a government corporation to operate legalized games of chance in the province. The first draw made by the newly formed government corporation was held on March 14, 1970, and lottery, called Inter Loto, had a jackpot of C$125,000, while tickets cost $2.
At the time, no law specified which level of government would have jurisdiction over the operation of games of chance. For this reason, the Government of Canada created a lottery in 1972 to finance the 1976 Summer Olympics to be held in Montreal. In 1976, that organization became known as Loto-Canada. However, due to sustained pressure by the provinces, Loto-Canada was dissolved in 1979, and the management and operation of games of chance fell under provincial jurisdiction. Provinces are however required to transfer a part of their lottery profits to the federal government. In 2006, this transfer amounted to C$14.1 million.
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Wikipedia