Online Gaming Boom Propels Atlantic Lottery Growth
Newfoundland and Labrador leads the Atlantic provinces in lottery spending, as reported by the Atlantic Lotto Corporation (ALC). In the fiscal year 2024-25, profits for the province increased, rising from $147 million to $153 million compared to the previous year.
Online Gaming Trends Impacting Lottery Growth
The growth in online gaming has been a key driver behind the rising profits. Online casino and slot games have experienced significant popularity across all four Atlantic provinces. ALC credits much of this growth to the engagement of players in Newfoundland and Labrador.
Lottery Spending and Prize Distribution
- Newfoundlanders and Labradorians allocated $118 million to video lottery terminals.
- This marks a decrease of $6.3 million from the last reporting period.
- ALC distributed a total of $461 million in prizes, reflecting an increase of nearly $14 million.
This upward trend in lottery engagement suggests a thriving market for online gaming. As digital platforms continue to evolve, they are likely to further influence the region’s lottery landscape.
