SMALLER JACKPOTS RESULT IN LESS REVENUE FOR OLG

Jun 14, 2016

By Bob Komsic

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The latest figures from the Ontario Lottery and Gaming Corp. show sales were down $115-million in 2014-15 because of fewer big jackpots and higher ticket prices.
OLG Lottery
Overall, OLG says in its annual report that lottery, charitable gaming, slots and casinos generated $6.6-billion in revenue that fiscal year.
That’s down a little over $26-million from the year before, mostly due to lower sales.
Lottery revenue was down $100-million to $3.3-billion primarily because of fewer big jackpots and lower sales of Lotto Max and Lotto 6/49, as well as the introduction of a more expensive 6/49 ticket.
OLG estimates approximately one in ten adults under 35 play the lottery at least once a week, and most still buy tickets in person even though they’ve been available online since January 2015.
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